TDS 2
This query is : Resolved
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 ?
Whether BIGIM PVT LTD is liable for TDS ?
13 February 2009
No.
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