TDS Applicability on Gold Scheme
This query is : Resolved
11 November 2022
Sir,
I am a retail trader and during the course of my trading activity and based on the volume of trade I have received gold coins as an incentives to the salesman from the suppler. They have billed at 3% GST. I have accounted the same as sales promotion expense and accounted without availing ITC. Sir, I want to know the TDS applicability in respect of the above transaction. Whether applicable TDS under section 194C or 194Q or 194R.
I am a retail trader and during the course of my trading activity and based on the volume of trade I have received gold coins as an incentives to the salesman from the suppler. They have billed at 3% GST. I have accounted the same as sales promotion expense and accounted without availing ITC. Sir, I want to know the TDS applicability in respect of the above transaction. Whether applicable TDS under section 194C or 194Q or 194R.
Dhirajlal Rambhia
(Expert)
11 November 2022
Sec. 194R of IT act...
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