NASSCOM Subscription
This query is : Resolved
Papayyaraju N
(Querist)
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
CA R SEETHARAMAN
(Expert)
07 June 2021
TDS not applicable.
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.
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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