Applicability of TDS

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Hello Members

                           Is TDS should be deducted, when payment is made by a book seller to book fair society for participating in book exhibition               

                            please advise me.. thanks in advance

 

Replies (4)

No....it will not be covered in any section

yes agree with above answer.

if its merely a participation fee, then no tax will be deduted at source. However, if the payment made for using space, then applicability of Section 194 I will have to be checked.

no, tds provisions is not applicable in that kind of transactions


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