tds on subscription for membership fees
This query is : Resolved
24 March 2008
our company was paid rs.26250/-(single bill) to Mrs.Assocham New Delhi for subscription for membership fees on that
tds deducted or not and this payment entered in tally in the head of books & periodicals, this head was correct or not, please tell correct head
To the same party Rs.35000/- paid towards advertisement on that tds effected or not please sir. (this was single tranasction throughout the year )
tds deducted or not and this payment entered in tally in the head of books & periodicals, this head was correct or not, please tell correct head
To the same party Rs.35000/- paid towards advertisement on that tds effected or not please sir. (this was single tranasction throughout the year )
Chintan Gajjar
(Expert)
24 March 2008
Dear Sir,
In the first case you are not required to deduct TDS but in the case of Advertisement you have to deduct TDS under sec.194C. For giving proper ledger head of Membership subsription you can not enter into Books & Periodicals but it will be better to be treated into Membership Fees. Ledger heading will depend upon type of membership fees i.e. membership fees for what club, social group, charity trust, library etc.
In the first case you are not required to deduct TDS but in the case of Advertisement you have to deduct TDS under sec.194C. For giving proper ledger head of Membership subsription you can not enter into Books & Periodicals but it will be better to be treated into Membership Fees. Ledger heading will depend upon type of membership fees i.e. membership fees for what club, social group, charity trust, library etc.
MANAS ROUT
(Expert)
24 March 2008
ON SUBSCRIPTION FEES TDS IS NOT REQUIRED TO DEDUCT AND YOU HAVE TO SHOWN AS A SEPARATE HEAD MEMBERSHIP FEES .
ON ADVERTISEMENT AMOUNT YOU HAVE TO DEDUCT TDS UNDER 194C BECAUSE THE SINGLE BILL EXCEEDING 20000/-.
ON ADVERTISEMENT AMOUNT YOU HAVE TO DEDUCT TDS UNDER 194C BECAUSE THE SINGLE BILL EXCEEDING 20000/-.
Message likes :
1 times
Vikas Garg
(Expert)
24 March 2008
Dear on subscription fees no TDS is to be deducted.On advertisement fees u have to deduct the TDS. Regarding head books & periodicals used by u is wrog. U need to use either membership fees account or subscription account.
24 March 2008
NO TDS ON SUBSCRIPTION FESS BUT TDS REQD TO BE DEDUCTED ON ADVERTISEMENT U/S 194C
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
