Tds on sponsership payment
This query is : Resolved
Keshav Bassi
(Querist)
21 May 2012
Dear Friends
Whether TDS has to be deducted on Sponsorship payment for delegate bags by Indian Firm to Foreign Co. situated in UK for event being held in hong kong ?
If yes than at what rate?
Whether TDS has to be deducted on Sponsorship payment for delegate bags by Indian Firm to Foreign Co. situated in UK for event being held in hong kong ?
If yes than at what rate?
CA. Anuj Gupta
(Expert)
22 May 2012
As per my understanding the Indian co. is paying for delegate bags in an event to be held in Hongkong to a UK Co..
To me it looks that TDS liability should not be there but you should obtain Tax Residency Certificate (from UK Tax Dept)through the UK Co.
Anuj
femaquery@gmail.com
To me it looks that TDS liability should not be there but you should obtain Tax Residency Certificate (from UK Tax Dept)through the UK Co.
Anuj
femaquery@gmail.com
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