CA M.NAGARJUNA REDDY (CHARTERED ACCOUNTANT) (591 Points)
16 February 2012Any one plz suggest on the following...
One Company paid sponsership fees to an agriculture university for conducting a seminar.
In return, this company's name and product details are published on the manual of that seminar.
The issue is- whether company is required to make TDS on that amount...?
Suguna
(VP)
(98 Points)
Replied 16 February 2012
the amount paid is towards seminar. however the companies name and product details are published on the seminar manual and hence would amt to advertisement and TDS is deductable .
CA M.NAGARJUNA REDDY
(CHARTERED ACCOUNTANT)
(591 Points)
Replied 16 February 2012
m nagar
(articled)
(52 Points)
Replied 16 February 2012
As it leads to advertisement tax is deductible u/s194 C.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 16 February 2012
Yes agree with above...
Payment of sponsership fees for publishing name of company & its product is just like advertisement...
so that it is a advertisement contract, tds is to be deducted u/s 194c....
Niraj Mahajan
(Practising CA)
(985 Points)
Replied 17 February 2012
194C applicable, but in case the company is also availing any stall at the exhibition, 194I may be attracted. If stall is not availed, deduct u/s 194C.
Shameer Kuppanath
(article assistant)
(52 Points)
Replied 17 February 2012
Whtether TDS is attracting to the payment of Technology Tranfer Fees??????whether it coming under 194J?
manoj
(C.A. )
(43 Points)
Replied 17 February 2012
The substance of the transaction is an Advertising Contract Covered under the definition of Work as given in Explanation to S.194C.
Hence,TDS is to be made u/s 194C.
kuldeep shukla
(Article)
(28 Points)
Replied 20 February 2012
Whether Tds has to be deducted by an Individual on House Property not used for Business purposes under 194 I? Though he is a partner in Firm and the Firm is liable for Audit?
CA M.NAGARJUNA REDDY
(CHARTERED ACCOUNTANT)
(591 Points)
Replied 29 February 2012
CAclubindia
