income tax

raja athimoolam (Querist) 18 November 2010 This query is : Resolved
WHTHER THE INTEREST DERIVED FROM FIXED DEPOSITS MADE BY THE RELIGIOUS INSTITUTION IS EXCEMBTED FROM INCOME TAX ?

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A V Vishal (Expert) 18 November 2010
Yes, in case the institution has been registered under S.12AA of the Income Tax Act, 1961. However, it is advisable to file 15G with the bank.

s.subramanian (Expert) 20 November 2010
yes

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