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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
