Hey buddies......... Pls some one tell me whether TDS is applicable for Subscripttion and membership....... In my case its membership fee paid........ If yes pls refer source......... I think its not applicable.........
CA Priya (CS Final) (1049 Points)
07 March 2010Hey buddies......... Pls some one tell me whether TDS is applicable for Subscripttion and membership....... In my case its membership fee paid........ If yes pls refer source......... I think its not applicable.........
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 07 March 2010
to the best of my knowledge, tds is not applicable in case of subscripttion / membership fee
Sanjay
(CA Final n CS Final)
(324 Points)
Replied 09 March 2010
Subscriptttion & Membership fee does not come within the perview of 194C as it is not a contract forcarrying out any work.
Also 194J is not applicaple.
Therefore, TDS does not apply on above payments
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 09 March 2010
TDS is not applicable
Poornima
(Search on.... for knowledge)
(129 Points)
Replied 09 March 2010
Agree with Anshu, Balkrishna, Deepak and Sanjay
Rajat Singhal CA,CS,CFA
(Senior Manager (F&A))
(254 Points)
Replied 09 March 2010
Dear Priya,
Please Give the details of your case.
If an Employer has paid the membership fees of any club, credit card, etc on behalf of the employees then it is to be treated as a perquisite in the hands of employees and would be chargable under the head salaries. As a result TDS would be deducted under section 192.
Please refer to the following :-
In case of membership of a club, all sums paid by the employer except in respect of usage charges to the extent it is official is to be treated as a perquisite. If the membership is a corporate membership the initial depositor fees is not to be taken as a perquisite. Similarly, health and recreation facilities provided to all employees uniformly will not be treated as a perquisite. If assets owned by the employer are used by the employee, 10 per cent of the original cost will be treated as a perquisite.
Thanks & Regards
Rajat
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
