Whether tds attracted or not?

TDS 538 views 1 replies

Pls suggest me on the following issue.

 

One of our client paid, which is an manufacturing company of agricultural machinary, sponsorship fee to an recogniged agricultural university for a manufacturers meet.

 

Whether the company needs to make the TDS or nor ?

If yes, under what section?

 

 

Replies (1)

If the client is company, then TDS is must. For example, salary 192B as per slabs, 194A Interest more than 10,000/-, Contract Payment and rest to see reverse side of challans 280


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