TDS on Incentive
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2010
If a company gives incentives to it's dealer in form of White goods instead of credit to their account, who is having tax liability in that case?
Please keep in view the following points while answering:
(a)It's not a gift or lucky draw
(b)It can be of any value based on sales done by the dealer
(c)White goods includes gold, silver, fridge, LCD, Car etc.
Please keep in view the following points while answering:
(a)It's not a gift or lucky draw
(b)It can be of any value based on sales done by the dealer
(c)White goods includes gold, silver, fridge, LCD, Car etc.
16 August 2010
Any Incentives in cash/kind received by dealer will be taxable as business income...
Market value on date of receipt will be taken.
Market value on date of receipt will be taken.
Message likes :
1 times
22 August 2010
My view , TDS is not applicable and covered for this transaction. As told by expert this is business Income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- SALARY CAN BE CAPITALIZE
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- Tax rate change regarding
- Salary from Qatar in Dollars in India
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
