Gifts to customer
This query is : Resolved
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.
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
06 May 2022
Yes, ask the customer to pay TDS and take the car.
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