Tds on sponsorship

756 views 1 replies

Dear All

 

We have received a Invoice Like

"Sponsorship Services"

Charges for Display of your Company's Trading Name, Logo-'Powered by Sponsorship of XYZ in Exhibition Awards -Banglore.2015

- So Which TDS has been deduct ??? 194J or 194C 

 

Replies (1)

The agreement of sponsorship is, in essence, an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C shall apply.
.
Circular No. 5/2002, dated 30.07.2002.

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