Is 194R is applicable in cash of Business & Promotion
This query is : Resolved
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ASHISH ARAT
(Querist)
09 November 2022
Does Business & Promotion expenses attract deduction TDS under 194R?
CA R SEETHARAMAN
(Expert)
09 November 2022
Yes, it's applicable on gifts issued on business promotion.
09 November 2022
However, if it is for a group activity and a reasonable allocation of such expenditure is not possible recipient wise, 195R doesn't attract.
Inference - Circular 18/2022 dt. 13-09-2022.
Inference - Circular 18/2022 dt. 13-09-2022.
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