banner_ad

TDS on Sposorships

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 October 2008 Hi Everybody
Could you please throw some light on

Whether provisions of TDS are attracted for sponsoring an event?
Ex. A corporate wants to sponsor a sports event of students of a University College. The amount is not paid to the University but to the organizing committee of the event (of course by way of crossed cheque to the credit of a specially opened bank account for this - like say "XYZ College Sports Day 200X")

Pl slso clarify the position if the amount is paid to the University which is established by an Act of Parlament.

Thank you
Profile Image

CA Tilak Raj Sharma

Profile Image

CA Tilak Raj Sharma (Expert)
15 November 2008 The sponsership of debates, seminars and other functions in school/college/associations is in essence an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C shall apply - Circular No. 715 dated 8.8.1995.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details