Dear friends, our company is going to become a sponsor in a seminar. The organisor have raised a bill of Rs. 4 Lac for the same. Have we to deduct tds on it? In which section 194C or 194J?
22 April 2009
yes u have to deduct TDS u may deduct TDS u/s 194C @ 1% (advertising contract) One thing u must keep in mind, on this payment u have to pay service tax @10.3% under reverse charge and for this u have to take service tax registration no.
CAclubindia
