TaxTMI 
TaxTMI 
CAN A CHARITABLE TRUST AVAILING EXEMPTION U/S 12A CAN FILE FORM 15G/15H TO BANK FOR NON DEDUCTION/NIL DEDUCTION OF TDS ON INTEREST PAID TO IT BY BANK ON FDR.
SUBMISSION OF FORM 15G/15H FOR LOW/NIL TDS
11 Jun 2010 
2 Replies 
9204 Views Asked by
TDS exemption procedures: charitable trusts must obtain an AO certificate for nil or reduced withholding before banks stop deduction.
A charitable trust cannot use Form 15G or Form 15H to obtain non-deduction of TDS on bank interest; it must apply to the assessing officer in the prescribed format (Form No.13) for an order permitting nil or concessional deduction, and furnish that AO order to the bank to secure non-deduction or reduced deduction. (AI Summary)
A charitable trust cannot use Form 15G or Form 15H to obtain non-deduction of TDS on bank interest; it must apply to the assessing officer in the prescribed format (Form No.13) for an order permitting nil or concessional deduction, and furnish that AO order to the bank to secure non-deduction or reduced deduction. (AI Summary)