Tds

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anand (Querist)
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15 March 2014 kindly inform me the rate of TDS applicable for payment made to charitable trust towards Sponsorship Fees(Trust does not have PAN)

Azmathullah Khan

Azmathullah Khan (Expert)
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16 March 2014 Sponsorship Fee based on usage of your amount, if the amount is used for advt, such as banner, pamplet, name board etc., then it is an advetisement, and TDS is applicable @ 20% for non submission of PAn and if it is for sportman sponshership, conduct of debate, seminar, or carring out awarness programme & social awareness such as women development, child edu., I thing no tds will be deducted.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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18 March 2014 Section 206AA provides that where PAN is NOT provided, TDS is required to be deducted @ 20%.

Accordingly TDS will be deducted @ 20%.

anand

anand (Querist)
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20 March 2014 Sir,Generally Sponsorship Charges Are Covered U/S 194J or U/s 194C ?

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