Learner
4016 Points
Joined December 2009
Dear Sandeep,
Exact answer will depend upon the nature of payment - but for ur reference
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 715