30 December 2010
An Educational institution (run by Trust reg u/s 11/12 of IT Act 1961) is scheduled to organize a musical concert in India, and a contract is entered with company based in UK to send singers/performers to perform in the show. For which payment will be made from the institute to UK based Co.
The students forum in the institute will be responsible for organizing and managing the show, including selling the tickets (ticket denomination of 1000/ 500 Rs) to mobilize funds for the same.
1. Tax Consequences for payment being made by educational Institution to UK based Co. 2. Other Tax implications for organizing the event in India
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