Dear Sirs,
Our company is going to sponsor for an award giving function. The amount shall be around1 lakh. Please let me know TDS applicability. The award function is organised by an association of manufacturers of particular industry we belong to.
Menu
TDS on sponsorship
Replies (2)
Hi Srikant
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 agree ment for carrying out a work of advertisement. Therefore, provi sions of section 194C will apply.
in your case tds section 194c attracts and deduct the same accordingaly referring the detailed provision.
Thanks and Regards
Suraj Pahuja
Thank you very much Mr. Suraj Pahuja.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
