TDS on Sposorships
This query is : Resolved
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
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Management System (IMS)
- FTS Taxable under 115A
- Experts need help
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
