07 June 2021
Is the payment to NASSCOM yearly subscription fee 50,000/- attracts for TDS deduction . If what rate of Tax is to be deducted - Telangana State
As such, on the basis of “Principle of Mutuality”, in our opinion, Tax deduction at Source (TDS) is not applicable in case of Application Fee, Membership Fees & Subscription Fees paid by the Members and Associates.
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