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TDS APplicability on Payment of Membership fee to Indian Bank Association

TDS 2155 views 1 replies

Is TDS applicable on payment made to Indian Bank Association for payment of Annual Subscripttion fee?

If yes, under what section?

Replies (1)

Under mutuality concept, TDS is not applicable over membership fees.

But if it is nature of contract, sec. 194C would be applicable.


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