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Can a public charitable trust — registered so under the tax laws and regular and sincere compliant of all its objects, applicable laws — give Form 15G to its banker with whom the trust maintains its deposits instead of applying to its assessing officer in Form 13 and obtaining a certificate allowing payment of interest without deduction of tax?

Very much. Though the trust can exercise either of the options, the act of giving declaration oneself is any day hassle-free than approaching the assessing officer.

S. MURLIDHARAN

More Stories on : Income Tax | For the Asking

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