TDS on the sponsership:

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2010
We are the registerd company & want to sponser one event Rs. 50000/-, please let us know whether the such payment attracts the TDS.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 August 2010 In the case of sponsorship for debates, seminars and other functions held in colleges, schools and associations with a view to earn publicity through display of banners, etc., put up by the organisers, the agreement of sponsorship is in essence an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C will apply. [Circular No.715 dt.8-8-1995]

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 August 2010 - In the case of sponsorship for debates, seminars and other functions held in colleges, schools and associations with a view to earn publicity through display of banners, etc., put up by the organisers, the agreement of sponsorship is in essence an agreement for carrying out a work of advertisement. Therefore, provisions of section 194C will apply.

Circular No. 715, dated 8-8-1995.

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