Tds applicability on chit fund commission paid by 44abaudit
This query is : Resolved
G.Siva Shankar
(Querist)
03 May 2013
Dear Experts, Chit fund companies collecting commission or charges from chit members towards their services, if the member is under tax audit case, whether he is liable to deduct tds? If so under which section?
14 June 2013
Chit members are paying their subscription and not commission which the chitfund companies treat as their income and hence no provision for TDS
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