TDS exemption on specified incomes allows payments to exempt charitable institution without tax deduction at source. The Board directed that payments to Shri Ram Chandra Mission, Chennai - being an exempt charitable institution under section 10(23C)(iv) - by way of interest on securities, dividends, other interest, and income in respect of units of specified Mutual Funds or the Unit Trust of India may be made without deduction of income-tax at source for financial years 2002-03 and 2003-04.