Is tds is applicable on membership fee of Forum of regulators. If yes under which section of tds?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178054 Points)
Replied 21 June 2024
If it is refundable, no TDS applicable.
NARENDRA
(ACCOUNTS MANAGER)
(1994 Points)
Replied 21 June 2024
Never heard yet ,about tds on membership fees ............. please correct me if wrong................ .....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178054 Points)
Replied 21 June 2024
Membership fees if credited as deposit/advance it doesn't attract TDS.
Otherwise it is considered as a charge/fees which attracts TDS u/s. 194C IT act.