Is tds is applicable on membership fee of Forum of regulators. If yes under which section of tds?
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Quick Summary
This discussion explores whether Tax Deducted at Source (TDS) is applicable to membership fees paid to the Forum of Regulators. Generally, if the membership fee is treated as a refundable deposit or advance, TDS is not applicable. However, if it's considered a charge or fee for services, TDS under Section 194C of the Income Tax Act may apply.