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Club membership deposit

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....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....

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....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....

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

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