Gifts to customer
This query is : Resolved
Quick Summary
30 April 2022
Sir, In Retail Industry the company gifted car to the customer ( contest Winner) worth of above 3L. The company has accounted in advertisement. Please clarify sir tds has to be deduct for the gifted item or not.
CA R SEETHARAMAN
(Expert)
30 April 2022
Yes, TDS has to be deducted at 30% plus 4% cess in view of contest winner.
06 May 2022
Sir, The company has to deduct tds to the customer isn't it sir
CA R SEETHARAMAN
(Expert)
06 May 2022
Yes, ask the customer to pay TDS and take the car.
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