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Tds deduction for participation in exhibition

This query is : Resolved 

Querist : Anonymous

Querist : Anonymous (Querist)
Dear Sir
participation fees in exhibition(ficci )can we deduct tds for participation fees in exhibition ( bill amt 137000) if it is ok why (is it sales advertiment for our product ) pls gives details for it

tks in adv

Generally No tds applicable on participation fee
But if ur payment is nature of rent paid for exhibition of ur products tds applicable under section 194I
if u have not paid any except participation fee better deduct TDS 194I as it can be said it is paid for usage of space
but if it is only for participation fee tds will not come,,as it is open for all i mean any one can participate just like booking ticket in cinima hall
however let others comment on this

Bajaj Finserv

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