TDS required to Deduct on Payment Made

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This discussion explores whether Tax Deducted at Source (TDS) is required on payments made for membership fees, specifically referencing a payment to Jammu Industrial Club. The consensus is that TDS is generally not applicable to membership fees, as the nature of the expense is not typically covered under TDS provisions. Therefore, no TDS deduction is necessary for this type of transaction.

Daya

Daya (Querist)
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18 January 2022 whether TDS is required to Deduct on Payment to Jammu Industrial Club. Rs, 45K and 24K in Two installments, whether TDS to be deducted , if Deducted then we have to deduct TDS on Rs, 69K. and under which section TDS to be deducted.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 January 2022 What is the nature of payment.

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CA Puja Sharma

CA Puja Sharma (Expert)
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18 January 2022 TDS deduction depends upon the nature of your transaction with the party. Whether it is a contractual agreement, professional fees, etc. The rate of TDS/TCS will depend upon the nature of the transaction.

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Daya

Daya (Querist)
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18 January 2022 Nature of expenses is Membership fees

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 January 2022 TDS not applicable on membership fees.

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