CA M.NAGARJUNA REDDY (CHARTERED ACCOUNTANT) (591 Points)
28 December 2011Pls suggest me on the following issue.
One of our client paid, which is an manufacturing company of agricultural machinary, sponsorship fee to an recogniged agricultural university for a manufacturers meet.
Whether the company needs to make the TDS or nor ?
If yes, under what section?
sadashiv Rupchand Gaikwad
(Proprietor)
(521 Points)
Replied 01 January 2012
If the client is company, then TDS is must. For example, salary 192B as per slabs, 194A Interest more than 10,000/-, Contract Payment and rest to see reverse side of challans 280
CAclubindia
