”Being a society registered under section 12A of the Income Tax Act, is the society allowed to keep its funds in a bank fixed deposit?
If yes, is the interest earned on this bank fixed deposit subject to TDS by the bank? If yes is there a way to avoid this TDS?
Looking forward to your response
With warm regards,
Socio Research & Reform Foundation
(A Non Government Organisation)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
Tele/Fax: +91-11-25821088, 25817157, 25722044