Hi
We are sponsoring for an event that will take place at Dubai. The amount to be paid in USD/AED into foreign account.
Our company name/logo will be displayed at the event depending on the amount of contribution.
I would like to know the TDS applicabilty for the transaction.
Can any expert pls revert..
Thanks ..
TDS on foreign sponsorship payments not applicable, where payment is for logo/display to a non-resident, expert suggests. Whether TDS applies to a foreign sponsorship payment made in USD/AED to a foreign account for display of company name/logo; the respondent opines that TDS is not applicable to such a cross-border sponsorship remittance, while inviting further expert views and noting the need to confirm applicability against specific facts and relevant withholding provisions. (AI Summary)