Public company is making a sponsorship payment to an Institute, will there be any Tax deduction at source ???????
Menu
TDS on Sponsorship payment
Replies (1)
ponsorship agreement is in teh nature of advertisement contract.
Hence In the case of sponsorship for debates, seminars and other functions held in colleges, schools and associations with a view to earn publicity through display of banners, etc., put up by the organisers,
the agreement of sponsorship is in essence an agreement for carrying out a work of advertisement.
Therefore, provisions of section 194C will apply. [Circular No.715 dt.8-8-1995]
Recent Topic
- TDS paid under old regime instead of new
- Foreign citizen as directors
- Which category of Employer is applicable to Kendri
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
Related Topics
CAclubindia
