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Tds on membership fees of house

AKSHAY KINI (ACCOUNTANT) (25 Points)

06 March 2019

how many tds applicable on membership fees of house

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3 Replies

shiv shankar rawat student CMA (Manager) (263 Points)
Replied 06 March 2019

can you elobrate

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AKSHAY KINI (ACCOUNTANT) (25 Points)
Replied 06 March 2019

PLEASE HELP

Priya Kashyap (Student) (7053 Points)
Replied 07 March 2019

TDS is not to be deducted on payment towards membership fees of a club. As according to sec-194j of IT Act, Tax to be deducted @ 10% on payment of professional fees or technical fees if it exceeds 30,000 in the whole year, but it is not applicabe for payment ofmembership fees.