Tds on mobile & camera gift
This query is : Resolved
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.
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.
23 July 2013
Treat this as Salse Promotion Exp.
TDS provisions not attracted so TDS not required to be deducted.
TDS provisions not attracted so TDS not required to be deducted.
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23 July 2013
YES no tds is attracted in the above transactions.
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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?
23 July 2013
Yes you can. Simply book it under Sales Promotion instead of Commission.
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