https://www.taxtmi.com/highlights?id=63609 TDS (withholding tax) u/s 195 - Disallowance u/s 40(a)(i) - non-deduction of tax at source on payment made towards membership/subscription fee - principle of mutuality- amount paid by a member firm to the umbrella association - the payment made by the assessee to GTIL towards membership and subscription fee is not taxable at the hands of the payee. - No TDS liability - AT en-us Sat, 21 May 2022 09:40:10 +0530 Sat, 21 May 2022 09:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63609 TDS (withholding tax) u/s 195 - Disallowance u/s 40(a)(i) - non-deduction of tax at source on payment made towards membership/subscription fee - principle of mutuality- amount paid by a member firm to the umbrella association - the payment made by the assessee to GTIL towards membership and subscription fee is not taxable at the hands of the payee. - No TDS liability - AT Highlights Income Tax Sat, 21 May 2022 09:40:10 +0530 https://www.taxtmi.com/highlights?id=63609