Our company paid exhibition rent, which is conducted out side india. our company made a payment to the conductor of the exibhition (payment made in rupees ). Is this amount attract TDS.As per sec 195 of the income tax Act "assesse is responsible to deduct TDS on any paymnet which is taxable under this Act"
In my opinion the above is liable for TDS. is my opinion is correct or not?
CAclubindia
