I (a company) am participating in an event wherein I have to book a table for myself. This arrangement for me will happen through an event management company for which the bill is issued by an event management company and not by an event organizer. The bill issued by event management company states 'fees for the service of booking table in conference'.
Query is, whether I am liable to deduct tax on this bill? If yes, then under which section?
3 Replies
sabyasachi mukherjee
(27574 Points)
Replied 26 September 2023
Event management will enter into a contract. Tds @ 1% will be charged.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 September 2023
Yes, You want to deduct TDS for this service.
if event management company is firm/co then 2% is applicable u/s 194C.
If individual then 1%
if event management company is firm/co then 2% is applicable u/s 194C.
If individual then 1%
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