Event management service

[madhavvan n]

a company provides event management services what is the rate at which tds will be deducted by the customers of the event management company. is event management in nature of contract or a professional service pls reply

[Ravi Chopra]

TDS on profession u/s 194 are only for specified categories or nature of services. In case of event management, if any TDS is required to be deducted the same would be deducted u/s 194C only.

AI Summary

TDS classification for event management: treated as contract payments, requiring deduction under contract provisions not professional fees. The reply characterises event management services as contractual supplies for TDS purposes and states that any tax deduction should be effected under 194C, i.e., as deduction on contract payments rather than under the professional services withholding category.