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02 April 2010 My assessee had given Rs. 1 Crore for sponsorship of Common Wealth Game. Whether it is an allowable expenditure under business or profession.?

Whether the payment is liable to TDS? IF YES THEN UNDER WHICH SECTION.and give the reference of source of law.

The assessee is a limited company

07 April 2010 sponsorship of sports and games in India is deductible u/s 80 G.
i dont think TDS is applicable on this.
other experts view are welcome



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