Our company is making a sponsorship payment to a indian sportsperson (Individual) a sum of Rs say 10,00,000
So TDS should be deducted in which section.
Please reply ASAP
Regards,
Rahul
Menu
TDS under which section
Replies (2)
as sponsership is made with some future interest as per contract, so TDS would be applicable as per contract,
view of other members are also solicited.
In contract there has been a specific clause mentioned regarding Sponsorship payment which says" Any payment...............................................to an association or school or colleges. It nowhere talks about Individuals .
But anyways thanks for the reply Mr Sharma. As usual Ur gr8.
and thanks 2 sunny also.
I went through section 194J and felt more confident about it and made the payment accordingly by deducting @ 10%
Regards,
Rahul
Recent Topic
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
- Full & Final Settlement — what changed u
- Capital gains or losses when new equity was issued
- Looking for a FMCG foods business to acquire
- Sale of mutual fund in zerodha and AIS
- FORM 144 TDS RETURN FILING
- Need expert guidance on old unclaimed TDS refunds
Related Topics
CAclubindia
