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TDS EXEMPTION RELATED

satish valand

RESPECTED SIR ,

WE ARE VADNAGAR NAGARPALIKA (MUNCIPALITY). AND BANK OF BARODA HAS DEDUCTED TDS FROM INTEREST OF FIXED DEPOSITE RECIEPT ,

SO PLS SUGGEST IS THERE ANY CIRCULER REGARDING LOCAL BODIES ARE EXEMPTED FROM NOT DEDUCTIN TDS PLS 9714130006 ITS URGENT

TDS exemption for municipal bodies: submit Form 15G/H to prevent tax deduction at source on interest income. Municipal administration faced TDS on interest from fixed deposits and was advised that submission of Form 15G/H is the operative mechanism to prevent tax deduction at source when the recipient meets the conditions for non-deduction. (AI Summary)
Income Tax
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Ganeshan Kalyani on Mar 31, 2016

Sir, Please see for the provision of Form 15G/H. Thanks.

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