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.
Message likes :
1 times
23 July 2013
YES no tds is attracted in the above transactions.
Message likes :
1 times
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RELATED TO TRIBUNAL APPEAL
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TDS AND ITR ISSUE
- Sec 44ada applicable only or both
- GST Rate for Catering Services
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
