Tds on sponsorship
Querist : Anonymous
We given Sponsorship of Maharashtra Times Planet Campus to The Times Group they submit Proforma Invoice for Rs.1,50,000.00 is TDS applicable & If Yes @ what % & Under which Section ?
Kindly explain .....
Its very urgent.................
Well, other Experts views r also important.
Querist : Anonymous
Is it Confirm because I have to Pay the Bill amount ?
Kindly explain.......
Querist : Anonymous
As I Discuss with our Auditor TDS 2% U/s 194c
Kindly explain....
Querist : Anonymous
No The Times Group publishing News Paper also & other Activity under "The Times Group"
Rate:-
Ind/HUF - 1%
Others - 2%.
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 agree ment for carrying out a work of advertisement. Therefore, provi sions of section 194C will apply.
Accordingly 2% tds rate will be applicable.
tds deducted under section 194C.
@ 2% or 1% as the status of the vendor
but you may check with the vendor it may possible that they have lower deduction certificate or non deduction certificate. pls check.
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