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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 - Tri

Income Tax - 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 - Tri - TMI Updates - Highlights .....

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