Tds rate

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Ankit Gupta (Querist)
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14 December 2017 A EVENT MANAGEMENT COMPANY GIVES THEIR BILL OF A EVENT PERFORMANCE SO WHICH TDS RATES SHOULD BE APPLY BEWEEN 194C AND 194J AND IF CASE LAW FOUND PLEASE SHARE.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 December 2017 Event management covered under Professional service and tds apply u/s.194J ref: NOTIFICATION NO. 88/2008/F.NO. 275/43/2008-IT(B), DATED 21-8-08

Mayur

Mayur (Expert)
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15 December 2017 @ CMA Ramesh Krishnan, Sir with all due respect I defer in opinion as the said notification talks about Event management for Sporting Event only. So In general the same can not be said to be Supply of Professional service. The quote is as follows in the said notification:

In exercise of the powers conferred by clause (a) of the Explanation to section 194J of the Income Tax Act, 1961, Central Board of Direct Taxes hereby notifies the services rendered by following persons in relation to the sports activities as "Professional Services" for the purpose of the said section, namely: –
Sports Persons,
Umpires and Referees,
Coaches and Trainers,
Team Physicians and Physiotherapists,
Event Managers,
Commentators,
Anchors and
Sports Columnists.
2. This notification shall come into force with effect from the date of its publication in the Official Gazette.

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