Sponsorship fee
This query is : Resolved
O.L.C SARAVANAN
(Querist)
08 September 2015
we have to given a sponsorship fee to Madurai club. TDS is applicable or not ? if it is applicable means which section to be deduct?
09 September 2015
What is the amount? Sponsorship for what, is it for any advertisement in any souvenir?
10 December 2015
In the case of sponsorship for debates, seminars and other functions held in colleges, schools and associations with a view to earn publicity through display of banners, etc., put up by the organisers, the agreement of sponsorship is in essence an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C will apply. [Circular No.715 dt.8-8-1995]
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