Tds on sales promotion
This query is : Resolved
24 December 2014
Hi All
It's a partnership Firm, dealer in plywoods, decorative items etc. I distributed chocolates & diaries to my suppliers & Architects worth Rs.7lcs during diwali & for New Year.when i bought diaries & chocolates vat was levied on the same, shall i deduct TDS??????? under which Section???????? expenses so incurred shld b debited as sales promotion/advertisement?????????
It's a partnership Firm, dealer in plywoods, decorative items etc. I distributed chocolates & diaries to my suppliers & Architects worth Rs.7lcs during diwali & for New Year.when i bought diaries & chocolates vat was levied on the same, shall i deduct TDS??????? under which Section???????? expenses so incurred shld b debited as sales promotion/advertisement?????????
24 December 2014
Purchasing of items for distributing as Gifts / sales promotion do not attract TDS Provisions.
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24 December 2014
no on purchases TDS is not applicable.
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