Poonawalla fincorps
Poonawalla fincorps

Sponsorship fee

This query is : Resolved 

08 September 2015 we have to given a sponsorship fee to Madurai club. TDS is applicable or not ? if it is applicable means which section to be deduct?

09 September 2015 What is the amount? Sponsorship for what, is it for any advertisement in any souvenir?


10 December 2015 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]




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