is tds applicable on sponsership charges, if yes , under which section.
Saurabh Toshniwal (ca final) (2358 Points)
27 February 2013is tds applicable on sponsership charges, if yes , under which section.
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 27 February 2013
It may be applicable under section 194C, depending upon the terms of the agreement.
Refer Circular 715 dated 8-8-1995 issued by CBDT..... Question No. 18 in that cricular answers the same.
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 27 February 2013
yes. TDS u/s 194C
The agreement of sponsorship is, in essence, an agreement for carrying out a work of
advertisement. Therefore, provisions of section 194C shall apply.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
