Monika Khadayate (Chartered accountant) (70 Points)
16 May 2023Is TDS applicable on payment made to Indian Bank Association for payment of Annual Subscripttion fee?
If yes, under what section?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160396 Points)
Replied 16 May 2023
Under mutuality concept, TDS is not applicable over membership fees.
But if it is nature of contract, sec. 194C would be applicable.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
