11 May 2009
Please specify whether the payment is towards sponsorship of the event or it is for organising he event by a an event manager. If the payment is towards sponsorship, it is covered under advertisement and TDs rate is 1% if the payment is to a event manager for providing the services to organise a conference, it is a works contract, TDS @ 2% needs to be deducted. Needless to say that the applicable SC and EC also apply on the above rates.
CAclubindia
