Club membership deposit

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..... Club membership deposit
Query (Issue) Started By: - Mukund Honkan Dated:- 3-9-2015 Last Reply Date:- 1-12-2015 Income Tax
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Income Tax
If certain club takes deposit repayable af .....

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..... ter 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 in .....

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

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