Trusts' Income Fully Exempt; No TDS Required on Interest Income u/ss 10(25), 10(23AAA), and 194A.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Taxability of trust - liability to deduct TDS u/s 194A - receipt of interest income - it is evident that whole of their income was exempt u/s 10(25) and 10(23AAA) of the Act. Therefore, there was no liability in respect of these trusts, warranting TDS u/s 194A - AT....