Tds on mobile & camera gift

Save Share

This query is : Resolved

anuj (Querist)

23 July 2013 Respected Members

We are distributing actual mobile headset ( Costing between Rs. 1200/- to Rs. 1600/- ) and digital camera ( Costing between Rs. 3000/- to Rs. 4000/-) to our distributors allover India on achieving certain sale target. Should i consider it as sale promotion or gift or Commission on sale.

We have around 20000 distributors all over India.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

23 July 2013 Treat this as Salse Promotion Exp.

TDS provisions not attracted so TDS not required to be deducted.

Message likes : 1 times

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

23 July 2013 YES no tds is attracted in the above transactions.

Message likes : 1 times

anuj

anuj (Querist)

23 July 2013 Thanks Sanjay ji for reply. If we are already deducting TDS on other commission in monetary form of such distributors then still can i treat it as sales promotion?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

23 July 2013 Yes you can. Simply book it under Sales Promotion instead of Commission.

Message likes : 1 times

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