banner_ad

Tax Applicability on Sales Promotion

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 October 2021 Sir,

I want to know the tax implication on a Company or LLP which was given a Car free of cost to a customer in connection with a sales promotion campaign.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
23 October 2021 Is it company car or rented one?
Profile Image

SUDHEEP M

Profile Image

SUDHEEP M (Querist)
23 October 2021 Car was given as a gift to the customer. Car was purchased in the name of the customer, but payment was given by the company / LLP.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
23 October 2021 The cost of car can be debited to sales promotion expense. No additional tax liability.
But TDS has to be collected from the customer at 30% +cess.
Profile Image

SUDHEEP M

Profile Image

SUDHEEP M (Querist)
23 October 2021 Sir kindly clarify in which section TDS should be Collected and Paid
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
23 October 2021 Sec. 194B of IT act...
Profile Image

SUDHEEP M

Profile Image

SUDHEEP M (Querist)
23 October 2021 k.. Thank You Sir...
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
23 October 2021 My Pleasure ...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details