TDS U/S 194 I RENT RECEVIED
This query is : Resolved
CA Hemant T Dewani
(Querist)
21 December 2007
our is a charitable istitute trst we are given some properties to various parties total rent recevied is in excess of rs.120000/- from singal party, whether trust and charitable institution are exempted to deduct tds or not pl. give me notification and case laws.our total income exempted from income tax.
CA. O.P. Agarwalla
(Expert)
21 December 2007
No such direct exemption. U can get lower deduction no deduction Certificate.
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