Exemption from TDS: interest and specified mutual fund income payable to an exempt trust may be paid without deduction. Payments to World Renewal Spiritual Trust, Mumbai-whose income is exempt under section 10(23C)(vi)-of interest on securities, other interest, and income from specified mutual fund units may be made without deduction of income-tax at source under sections 193, 194A and 194K; this instruction applies to the financial years 2002-03 and 2003-04 (assessment years 2003-04 and 2004-05).