Tds applicability
This query is : Open
16 June 2015
there is participation of our people in various conference organized by pvt entity and the objective of this participation is meeting senior people of various companies and develop business contacts.
TDS is applicable for the above and under which section? pl. clarify
TDS is applicable for the above and under which section? pl. clarify
16 June 2015
When attending a conference,which is not specially organized for payer, and is open to any participant, there is no contract for carrying out any work or for rendering professional or technical services. Therefore, TDS provisions should not apply. However, if a professional or technical person organize conference specially for client to impart eduction and training to clients employees/ associates, then there can be either payment for a 'works contract' or 'fees for professional or technical services' depending on nature of service. Even if some other persons are allowed to participate, that may not change the nature.
16 June 2015
if your are organize the seminar etc for technical service and making payment to the speaker then you have to make deduction of u/s 194J. and remaining exp to be deduct u/s 194C.
16 June 2015
its business conference arranged by some another organisation where company took part and send its representatives mainly with an intention to develop business contacts and paid the amount for attending such conference.
in light of the above explanation please clarify the applicability of TDS and under which section
in light of the above explanation please clarify the applicability of TDS and under which section
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