actual tds rate

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sachin saxena (Querist)
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23 May 2008 if we organise event for the other company and arrange other company for the same purpose so what rate of tds should be deducted as a contractor or as a profeesion. give me suitable and valid reason for it due to audit purpose becoz company is deducting TDS as a contrators.
service taken from the company for the road show(event)

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
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23 May 2008 first line of query is not clear. if u hire another company to do some part of ur work, it means that company works as sub-contractor. then u need to deduct tds @ 1%+s.c+e.c. u/s 194C.

section 194J (for professionals) is not applicable on event management cos. only sec 194C is applicable.

sachin saxena

sachin saxena (Querist)
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24 May 2008 our company is organising a event of coca cola company and we hire also a event company for some part of this show. when we rece. the payment our tds is deducted u/s 194J so my question is when we will pay for other company for hire other company we should deducted TDS u/s 194J or 194C?

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
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27 May 2008 my original answer apply in ur case

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