Account head
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2011
our 20 clients wins following rewards for achieving sale target
1) Colour Tv
2) Foreign Tour
we are paying directly to company from whom we purchase tv / ticket.i need following clarifications
1) Is it to be treated as commission
2) Is TDS applicable. if yes , let tv cost rs 6000/- that amount i paid to company from whom i purchased tv ,then how i will pass a entry.is it to be grossed up.
3) Under which head i need to book expense
4) can i treat and book above as gift
1) Colour Tv
2) Foreign Tour
we are paying directly to company from whom we purchase tv / ticket.i need following clarifications
1) Is it to be treated as commission
2) Is TDS applicable. if yes , let tv cost rs 6000/- that amount i paid to company from whom i purchased tv ,then how i will pass a entry.is it to be grossed up.
3) Under which head i need to book expense
4) can i treat and book above as gift
12 May 2012
It is better to show the above as gifts.
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