TDS on fees paid for exhibition

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alok (Querist)
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18 June 2010 Sir,
A partnership firm in India is dealing in jewellary . They paid huge amount as participation fees in jewellary fair to a company in kuwait. Payment includes 1% comission on sales also. Is this payment liable for TDS?

Plz help.

deepak K Gujrati

deepak K Gujrati (Expert)
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18 June 2010 The firm is liable to deduct TDS u/s 195 of the Income Tax Act.

alok

alok (Querist)
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18 June 2010 But sir how can we say that this income has arised in india? Bcz the company in kuwait has no any place of business in india.

deepak K Gujrati

deepak K Gujrati (Expert)
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18 June 2010 But the Firm is in India and sales commission has to be received/transferred to India. The liability of the firm is to deduct TDS.

alok

alok (Querist)
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18 June 2010 Sir,
nd what about the the TDS on participation fees.Measure portion of the payment is participation fees.

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