Hi All,
I have a query regarding the below scenario:
Assessee is a registerd partnership firm and operates as a race bookie. As per agreement with the race club, they are paying the following expenses towardds the club and claiming as expenditure in their P&L
1 FIXED LICENSE FEE
2 AMENnITY FEES FIXED FOR EACH RACE DAY
3 SPONsER SHIP FEES
4 A)IN CASE OF MORNING RACES OR MORNING INTERVENUE BETTIN ON THE SAME DAY SEPERATE
STALL FEES WILLBE CHARGED.
Current query is
a. Whether TDS U/s 184I is applicable for amennities and Stall fees paid to the race club?
Also believe 194C is attacted on Fixed license fees
Please let me have your opinion
Thanks
CAclubindia
