Is tds applicable on annual membership fees
WitrynaThe Member entity shall be entitled to deduct tax at source (TDS) on the amounts paid towards Fee and services, in accordance with the provisions of the Income Tax Act 1961 as applicable from time to time. TDS @ 10% to be deducted in case the Membership fee payable during… Witryna11 sty 2024 · TDS deduction for subscription to Office 365 under Sec 194J of Indian Tax Act. We are a small business with less than 10 subscriptions to Office 365. Our annual billing exceeds Rs.30,000 and I understand we need to deduct TDS on the subscription payments to Microsoft under Sec 194J of the Indian IT Act. However, …
Is tds applicable on annual membership fees
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Witryna11 lis 2024 · But as you mentioned the contract is for annual subscription this amount to contract as well as technical services and TDS is liable to be deducted at 1% or 2% … Witryna13 lis 2009 · Tds on Subscription Charges allowable or not. 13 November 2009 Whether Tds to be deducted on yearly subscription services. 13 November 2009 If it is a magazine, that is a sale of magazine at reduced rates and sent to you by post or courier. You do not have to deduct TDS on that. If it is a subscribtion for membership of an …
Witryna30 kwi 2024 · Calcutta Club Ltd. Therefore, the applicant is not liable to pay GST on subscription fees and Infrastructure development funds collected from the members and this ruling is subject to the amendment to the CGST Act by section 1 of the Finance Act 2024, as and when it is notified. Support our journalism by subscribing to Taxscan … WitrynaIs TDS applicable on annual membership fees? TDS is not applicable in case of membership fees paid. No need to deduct TDS. What if TDS is not deducted? Penalty for companies for not depositing or not deducting TDS on time. The employer can make the interest payment on such late payment of TDS before filing TDS returns or …
Witryna13 kwi 2024 · Under Section 194J, Rs.30,000 is the maximum limit which is applicable to each item or payment independently. TDS under this section is also applicable on commission or remuneration or fees given to a company's director, even though the amount is not a part of the main salary. In these cases, the Rs.30,000 limit is not … Witryna29 maj 2024 · On this basis, the AO decided that the subscription fees paid by the Indian customers to the Taxpayer should be taxed in India at the rate of 10% as per the provisions of the Treaty. This was challenged by the Taxpayer before the Dispute Resolution Panel (" DRP ") which decided in favour of the revenue. The Taxpayer …
Witryna7 cze 2012 · 07 June 2012 this is annual membership fees for developers association. 07 June 2012 TDS should be deducted u/s 194J if amount exceeds 30000/-. 07 June 2012 194J will apply if the payment is against professional and technical services, if such association is providing such kind of help then 194j apply. Sanoj Kr.
http://expertspanel.in/index.php?qa=25363&qa_1=tds-on-membership-fees russhublerford.comWitryna7 cze 2012 · 07 June 2012 this is annual membership fees for developers association. 07 June 2012 TDS should be deducted u/s 194J if amount exceeds 30000/-. 07 June … schedule 3 controlled drugs requirementsWitryna20 kwi 2024 · Title = TDS on membership subscripttion to Industrial Associations ... what the law says. TDS u/s. 194J ( 10% ) that is deduct TDS as professional or technical service. 1. Part A : This is applicable for “Professional Services” As per section 194J, … schedule 3 control medsWitryna29 maj 2024 · On this basis, the AO decided that the subscription fees paid by the Indian customers to the Taxpayer should be taxed in India at the rate of 10% as per the … russ hudgins tax serviceWitryna23 maj 2024 · 23 May 2024 The ITAT, Hyderabad bench, recently allowed deduction in respect of the amount of fee paid to NSDL/CDSL charges by holding that such charges are not subject to TDS under section 194J of the Income Tax Act, 1961. The Tribunal opined that since TDS provisions are not applicable to these charges, the Assessing … russh suchitraWitrynaAccordingly, the Tribunal concluded that the subscription fees received by the Assessee is not in the nature of fees for technical services as per Article 12 of the India-Germany tax treaty. Accordingly, the Tribunal held that the subscription fees, being in the nature of business income, is not taxable in India in the absence of a PE. schedule 3 coshhWitryna11 sty 2024 · TDS deduction for subscription to Office 365 under Sec 194J of Indian Tax Act We are a small business with less than 10 subscriptions to Office 365. Our … russ huesman richmond