TDS on Sales Promotion
This query is : Resolved
13 January 2011
Dear Sir
1) TDS Deduction is Applicable to Sales
Promotion which is paid by Cash Or Cheque
and If Yes What is the Rate.
2) Can We take the Interior Decoration as Furniture and Fixtures for depreciation purpose as per income tax Act If not under which head can we take and what is the Rate.
1) TDS Deduction is Applicable to Sales
Promotion which is paid by Cash Or Cheque
and If Yes What is the Rate.
2) Can We take the Interior Decoration as Furniture and Fixtures for depreciation purpose as per income tax Act If not under which head can we take and what is the Rate.
13 January 2011
1. Can you please specify, what is the exact nature of expense ?
2. If the amount spent on Interior Decoration is huge, then its correct to take it in Fur & Fix. However, if the amount is not much, it can be taken as office maintenance also.
2. If the amount spent on Interior Decoration is huge, then its correct to take it in Fur & Fix. However, if the amount is not much, it can be taken as office maintenance also.
13 January 2011
TDS Deduction is Applicable to Sales
Promotion u/s 194J @ 10%
No you can not capitalised and take the Interior Decoration as Furniture and Fixtures for depreciation purpose as per income tax Act read section 4(1) for that
Promotion u/s 194J @ 10%
No you can not capitalised and take the Interior Decoration as Furniture and Fixtures for depreciation purpose as per income tax Act read section 4(1) for that
17 January 2011
our Nature of Business Is IOC Lubs & Oils Distributer. So We have to pay towards our Sales. to the Buyer and Middle man at Factory,Shops Ect So we will pay by Cash or By Cheque Than TDS Will Come On this sales Promotion.
08 October 2021
Yes, TDS u/s. 194H will be liable to be deducted for commission or brokerage paid.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
