Trust income

CA renuka Limaye (l & t) (61 Points)

24 August 2012  

Hello,

There's an educational Institute which is run by a trust.That Institute has kept a FD with Bank of which Interest (p.a.) exceeds Rs 15000.I want to know if there's any provision in the Trust Income Sections of Income Tax for non deduction of TDS similar to Form 15G or 15H.

I went through the provisions of Trust Income but did not found any such clause.

Please guide me over the same issue.

Plz reply soon.