TDS on Club Entrance Fee
Posted @ August 25, 2013, 9:20 pm under (TDS on Certain Payments)
In our opinion the Club Entrance Fee or Subscription fee does not fall in any of following categories:
Commission or Brokerage
Payment for transfer of immovable property
Therefore there should not be any TDS on these payments. However the nature of initial Entrance fee is Capital Payment and therefore it will not be eligible for deduction from Taxable income.