NITIN PATODI (PRACTICING CA) (43 Points)
04 January 2008
nageswararao
(Mgr - Commercial)
(142 Points)
Replied 04 January 2008
| Originally posted by :nageswararao | ||
| " | It's a Contract, so TDS rate is under 194c only B.V.K.Nageswara Rao Ph: 099891 57666 Mail: nageswararao.bommakanti @ ril.com |
" |
dear sir,
i m aditya bansal from below the line from gurgaon. basically we provide services to our clients IBM daksh process services pvt ltd and deduct TDS treted as professtional
services @ 10 or 11 % . they sometime deduct tds as professional or sometime as contractors then i have to prove that we are under contract to them.
so i want to prove my point....
regards
aditya bansal
Below the line entertainment
mail us at : accounts @ belowtheline.org
plz send us as much as possible..
Mukesh
(Private job)
(22 Points)
Replied 23 January 2009
Dear Sir,
I am Mukesh Kumar from 6th Gear Entertainment from New Delhi. Basically, our Company provides Event Management Services to our Clients. they deduct tds @ 10.33% treated as professional services. But its a contractual work in our point of view.
You are requested to kindly mail any circular or suggation so, we can prove our point to our clients.
Kindly treat the matter most urgent.
Regards,
Mukesh
Sripada M
(CA)
(365 Points)
Replied 23 January 2009
Hi All,
Event Management Services can be for Contract. But according to me TDS has to be deducted at 10% or 11% as it is a professional service.
It is better to deduct more tax to be on a safer side.
Biswanath
(CA final stude)
(56 Points)
Replied 23 January 2009
Hello everybody, as event mgt is a contract Tds rate as per Section-194c is applicable
Sagar
(B Com, ACA)
(44 Points)
Replied 13 April 2011
The best way to make a differciation in 194J and 194C is to bifurcate between Contractual amount and professional Charges. I.e. Procure a bill from the event management in a way which specifies Total amount towards contract expenses (which will attract TDS @ 2%/1% u/s 194C) and Event Management Charges (Which will attract TDS @ 10% u/s 194J)
Thanks
Manjunatha A P
(Senior Officer Accounts)
(21 Points)
Replied 28 March 2012
event management service inclusive of professional service and contract service, hence we need to deduct 10%tds.
CA KARAN MAINI
(Practising CA)
(106 Points)
Replied 17 December 2013
Ajay
(CA Job)
(512 Points)
Replied 17 December 2013
Dear Nitin
"Event Managers" in relation to sports activities falls under the "notified professional services" u/s 194J folllowing the Notifcation no.88/2008.
Taking cue, it is better to deduct tax @ 10% u/s 194J rather than u/s 194C in case of other event managers too.
Relevant Notification No.88/2008 is given below:
"In exercise of the powers conferred by clause (a) of the Explanation to section 194J of the Income-tax Act, 1961, Central Board of Direct Taxes hereby notifies the services rendered by following persons in relation to the sports activities as “Professional Services” for the purpose of the said section, namely :—
u Sports Persons,
u Umpires and Referees,
u Coaches and Trainers,
u Team Physicians and Physiotherapists,
u Event Managers,
u Commentators,
u Anchors and
u Sports Columnists.
2. This notification shall come into force with effect from the date of its publication in the Official Gazette - Notification No.88/2008
Regards
Ajay
CA KARAN MAINI
(Practising CA)
(106 Points)
Replied 17 December 2013
Sanjay Suryavanshi
(Service)
(0 Points)
Replied 27 June 2023
Event organizing and management for a debate competition can be treated as professional services.
Mitali
(Finance Professional)
(14996 Points)
Replied 22 November 2023
Nature of Payment:
TDS Rate:
Threshold Limit:
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