TDS for Societies registered under 1860 act
We are registered under society act 1860 and have 12A and 80G certificates. We are now doing environment awareness streetplays organized by another ngo. How much TDS they should deduct, if the payment is above Rs 40,000/- ?
Pls respond
ujaidr at gmail com
Society Queries TDS Deduction on Rs 45,000 Payment for NGO Street Plays; Considers Nil TDS Certificate Application A society registered under the 1860 Act, possessing 12A and 80G certificates, is conducting environment awareness street plays organized by another NGO. The query concerns the applicable TDS on payments exceeding Rs 40,000. One respondent suggests that since the activity aligns with the society's non-profit objectives and serves public interest, the income should be exempt from tax, negating the need for TDS. They recommend applying for a nil TDS certificate from the Assessing Officer. Despite this advice, the organization deducted 10% TDS on a Rs 45,000 payment, prompting further actions. (AI Summary)
Income Tax