Is TDS u/s 194i applicable on stall fees payable to race club

Praveen Kanumuri (Program Manager) (33 Points)

16 September 2011  

Hi All,

I have a query regarding the below scenario:

Assessee is a registerd partnership firm and operates as a race bookie. As per agreement with the race club, they are paying the following expenses towardds the club and claiming as expenditure in their P&L

1 FIXED LICENSE FEE

2 AMENnITY FEES FIXED FOR EACH RACE DAY

3 SPONsER SHIP FEES

4 A)IN CASE OF MORNING RACES OR MORNING INTERVENUE BETTIN ON THE SAME DAY SEPERATE

STALL FEES WILLBE CHARGED.



Current query is

a. Whether TDS U/s 184I is applicable for amennities and Stall fees paid to the race club?

Also believe 194C is attacted on Fixed license fees



Please let me have your opinion

Thanks