Tds on subscription to management association


This query is : Resolved 

28 December 2018 Sir
We are a public limited company. We have to payment Annual Membership Charges to Ludhiana Management Association for 7 of our employees. Kindly confirm TDS Applicability on the same

Ludhiana Management Association is an professional organization which is improving and discussing new managment methods for corporate sector.

Your early reply will help

Regards



28 December 2018 The rate of tax deduction in the instant case is 10% to be deducted under section 194J


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