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TDS 1

This query is : Resolved 
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13 February 2009 BIGIM PVT LTD, a Music CD selling company has sold some CD to its distributors and for the sales target achieved or particular amt of sales made, to its distributors, has given incentive to such distributors by issuing a Credit note. The accountant contend that incentive is in nature of Discount and Debited to P&L and not liable for TDS.

Whether BIGIM PVT LTD is liable for TDS ?
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CA Abhishek Bagaria

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CA Abhishek Bagaria (Expert)
13 February 2009 Distributors are getting commission so it is liable for TDS. Payment made for achieving the sales target is also a part of commission. Hence u have to deduct TDS.
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