Incentives pay in other mode of payment
This query is : Resolved
Quick Summary
Sunil Naidu
(Querist)
30 October 2020
One Company is giving gifts or gifts voucher or any mode of payment instead off paying sale incentive to employees.
Whether this payment attracts tds deduction liability ? Further, under which section tds liability arises ? Can you give me reply for the same ?
Thanks in advance....
Whether this payment attracts tds deduction liability ? Further, under which section tds liability arises ? Can you give me reply for the same ?
Thanks in advance....
CA R SEETHARAMAN
(Expert)
30 October 2020
Such gifts upto 5000 in a year is exempt. TDS applicable under salary head of it exceeds exemption limit.
CA R SEETHARAMAN
(Expert)
30 October 2020
Such gifts upto 5000 in a year is exempt. TDS applicable under salary head of it exceeds exemption limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- ETDS return q4 25-26
- Intimation under section 245
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
