Dear Experts,
Pls answer to the following query,
A Pvt. Ltd. Co. giving sales incentive to its Sales Executives on the basis of their sales in addition to salary and deducting TDS U/s 192B for the whole. The expenses incurred for such sales should be met by the employees themselves. Some executives are going abroad for the sales and they have incurred huge expense for the same.
My query is that,
1. Whether the employees can deduct such expenses from their income while filing their return of income?
2.If no, whether the company can show the incentive as commission and deduct TDS U/s.194H, and then whether the employees are eligible for deduction for such expenses?
Thanks in advance
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Sir,
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sir,
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Tds u/s 192b or 194h