TDS on property fair
This query is : Resolved
CA Keyur Shah
(Querist)
12 April 2010
We are participating in property fair.
so we are paying them charges for booking a stall in that fair.We record this expenses as advt. expense.The other party record the same as normal business income.
TDS @ what rate is to be deducted on that amount payble to the orgniser?
(mention if any case laws)
so we are paying them charges for booking a stall in that fair.We record this expenses as advt. expense.The other party record the same as normal business income.
TDS @ what rate is to be deducted on that amount payble to the orgniser?
(mention if any case laws)
12 April 2010
TDS SHOULD BE DEDUCTED U/S 194C
IND/ HUF @1%
OTHERS @2%
IND/ HUF @1%
OTHERS @2%
Shyam Lal Naik
(Expert)
12 April 2010
Beg to differ.
Provision of stall for a certain period can not be regarded as carrying out any work. More so, when the role of organiser is limited to provision of stall and other aminities and had nothing to do with advertisement/ display etc.
In my view, it may fall under section 194I. The payment made to the organiser is nothing but rental of the stall.
Provision of stall for a certain period can not be regarded as carrying out any work. More so, when the role of organiser is limited to provision of stall and other aminities and had nothing to do with advertisement/ display etc.
In my view, it may fall under section 194I. The payment made to the organiser is nothing but rental of the stall.
12 April 2010
•If a particular space has been taken on rent by a person who subsequently sub lets it for putting up a hoarding, the TDS liability is not under Section 194C but under section 194-I. [Circular No.715 dt.8-8-1995].
SIR YOUR OPINION MAY BE BASED ON ABOVE BUT IN MY VIEW IT IS A CONTRACTUAL SHORT TERM PAYMENT AS A FAIR IS USUALLY FOR A SMALL PERIOD. THAT'S MY VIEW BUT I DONT DISAGREE WITH YOUR VIEW EITHER.
SIR YOUR OPINION MAY BE BASED ON ABOVE BUT IN MY VIEW IT IS A CONTRACTUAL SHORT TERM PAYMENT AS A FAIR IS USUALLY FOR A SMALL PERIOD. THAT'S MY VIEW BUT I DONT DISAGREE WITH YOUR VIEW EITHER.
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