How to avail TDS exemption on a bank Fixed Deposit Interest in name of charitable trust society?



Please also mention necessary forms to be submitted along with?
I am having a charitable trust account with a Bank and in same name also have Fd’s with them?
Recently I was told that TDS will be deducted on these Fd’s as interest crosses threshold limit and this
we cant exempt even if your trust is income tax exempted or if you submit any declaration?

How to avail TDS exemption on a bank Fixed Deposit Interest in name of charitable trust society?
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  1. NO way. I will suggest you to get PAN for your trust and get it registered with the appropriate authorities. Thereafter, apply for tax exemption from Income Tax Authorities. The bank will deduct TDS as per rules of the land. The TDS deducted can be got back as REFUND by submitting Income Tax Return. The detailed information can be had from official web site of Income Tax Department of India.