Tds on sponsorship
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2015
Whether TDS is deductible on Sponsorship fess. If yes at what rate.
10 December 2015
TDS Should be Deducted U/s 194C
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10 December 2015
In the case of sponsorship for debates, seminars and other functions held in colleges, schools and associations with a view to earn publicity through display of banners, etc., put up by the organisers, the agreement of sponsorship is in essence an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C will apply. [Circular No.715 dt.8-8-1995]
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