International Musical concert by an educational institution
This query is : Resolved
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
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
02 January 2011
Both Income tax and serrvice tax will apply in this case.
TDS will be deducted under section 195.
Service tax is to be paid by service reciver.
TDS will be deducted under section 195.
Service tax is to be paid by service reciver.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
