Tds on lucky draw for achieving sales target
This query is : Resolved
13 November 2014
XYZ is a paper books manufacturing company. For increasing sales, it offers prizes in kind as well as a LUCKY DRAW for a foreign trip, to 20 persons out of target achievers. Please advise TDS applicability on Foreign Tour as well as Prizes in Kind.
Best wishes,
Kamalesh Verma
Best wishes,
Kamalesh Verma
13 November 2014
yes, TDS shall be applicable on this...under section 194B
13 November 2014
yes, TDS shall be applicable on this...under section 194B
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