Tda on sponsership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2015
under which section TDS will deduct on sponsorship?
please reply
please reply
Ankur Singhal
(Expert)
26 June 2015
Circular No. 5/2002, dated 30-07-2002
Ques. Whether deduction of tax is required to be made under section 194C for sponsorship of 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 ?
Answer : The agreement of sponsorship is, in essence, an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C shall apply.
Ques. Whether deduction of tax is required to be made under section 194C for sponsorship of 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 ?
Answer : The agreement of sponsorship is, in essence, an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C shall apply.
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