Club membership deposit

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lub membership deposit<br> Query (Issue) Started By: - Mukund Honkan Dated:- 3-9-2015 Last Reply Date:- 1-12-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>If certain club takes deposit repayable aft....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er certain no of years & do not charge any fees, what will be direct & indirect tax implications Reply By MARIAPPAN GOVINDARAJAN: The Reply: There is no effect. Deposit will not be considered as inc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ome or revenue. Therefore refund of deposit is having no implication in direct and indirect taxes.<br> Discussion Forum - Knowledge Sharing ....