TDS

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 June 2011 a)Whether TDS is to be done in respect of gifts given to dealers on achieving certain targets??

b)Whether TDS is to be done on gifts further given by draw of lots to dealers on achieving the above targets??

21 June 2011 No in your case TDS is not required to be deducted as giving gift to dealers or buyers is a businss expenditure which doesn't fall under the purveiw of TDS.

Regards

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 June 2011 Thanks for the reply but will not S 194B apply to cases where gifts are given to delers by draw of lots??

21 June 2011 No sec 94B will not apply as this section is for winnings from lottery or game of any sort.Here we need to see the substance which as per my thinking says that prizes are given for achieving sales target and we cannot say it as winnings from lottery.This is said to be a business activity.

Regards
Abhisek Tosniwal


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details