T.D.S on sponsorship of conference dinner

This query is : Resolved 

23 June 2011 Is T.D.S applicable on payment of Sponsorship of Conference Dinner? If yes, then at what rate?

23 June 2011 Yes, it will be considered as a contract under section 194C.

In Case of Company @2%
In Case of Non-Company @1%

Thanx


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