tds on sales promotion
This query is : Resolved
12 May 2010
we are going to make a payment towards sponsership of school annual day cleberations for Rs.100000. at what rate i have to deduct tds and under which section i have to deduct tds.
kindly help me
kindly help me
12 May 2010
If this is a kind of donations then you don't need to deduct the TDS.
If you want to show this sales promotion expenses then you need to deduct the tds on it. It will be basically form under sec. 194J, the applicable rate of TDS will be 10%.
If you want to show this sales promotion expenses then you need to deduct the tds on it. It will be basically form under sec. 194J, the applicable rate of TDS will be 10%.
12 May 2010
I dont think you can deduct tds on that.. since the school is neither directly nor indirectly promote your sale. If at all you wanna deduct tds then under sec 194H 10% rate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
