Tax-ability on payment of money award sponsoring
This query is : Resolved
07 November 2016
Our company is going to sponsor for cash money award by giving association. The amount shall be around Rs.30,000/- lakh. Please let me know TDS applicability. The award function is organised by an association of manufacturers of particular industry we belong to.
07 November 2016
You deduct TDS u/s 194C for the contract entered between your company and the association.
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