Y no one has replied for my question?
3 Replies
Abhinav Agarwal
(M.Com C.A SAP Consultant)
(814 Points)
Replied 12 February 2009
It should be deducted u/s 194C as they are entering into the contract with the Corporates. However the match fee should be subject to 194 J
Vignesh S.G
(CA and CS)
(110 Points)
Replied 28 February 2009
Wil dat not cover under Sec 194E which cover "Payments to non-resident sportsmen or sports associations"
Plz clarify dis.....
LAXMIKANT JAIPURKAR
(Practicing Company Secretary/Tax Consultant)
(403 Points)
Replied 06 March 2009
I think Abhinav is right. At first instance, we have to treat it as a contract and if it is a contract then 194C to be attracted.
194E is for payments to non-resident sportsmen or sports associations. This section is related to the players engaged through the sports associations of foreign courntries. In IPL the contracts with the players and not with associations.
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