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TDS on sponsourship

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(Querist)
22 June 2010 our client sponsors first price for Rs 50000 for a contest.........
Is it liable to deduct TDS on it or the organiser who organises such program is liable to deduct TDS on it
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
22 June 2010 Does the transaction falls under the TDS net ?
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CA Amrish Gupta

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CA Amrish Gupta (Querist)
23 June 2010 Mr shyam can u explain wat u want to say..?
I am unable to understand ur question
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
23 June 2010 In my view, TDS is neither required to be deducted by you nor by the organiser.

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