Tds u/s 194b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2013
Dear Experts,
my client is a private ltd company and having retail pesticide business. he having the dealers/Distributors state-wise. at the end of the year client launch a scheme to dealer who achieve the target sales like distribution of LCD/Laptop/Fridge, Gold coins and Vehicles etc at free of cost.
please advise whether company should pay TDS u/s 194B or not .
Please advise.
Vijay Jain
my client is a private ltd company and having retail pesticide business. he having the dealers/Distributors state-wise. at the end of the year client launch a scheme to dealer who achieve the target sales like distribution of LCD/Laptop/Fridge, Gold coins and Vehicles etc at free of cost.
please advise whether company should pay TDS u/s 194B or not .
Please advise.
Vijay Jain
Nitesh Parmar
(Expert)
20 September 2013
Yes TDS will be applicable if you are giving as a gift.
CA Pallav Singhania
(Expert)
20 September 2013
Yes, TDS U/S 194B will attract,
Company should deduct TDS on such gift...
Company should deduct TDS on such gift...
Nikhil Kaushik
(Expert)
20 September 2013
Sorry to disagree. I don't think 194B applies here.
194B deals with winnings from lottery and crossword puzzles.
The relevant section should 194H.
Thanks
194B deals with winnings from lottery and crossword puzzles.
The relevant section should 194H.
Thanks
CA Pallav Singhania
(Expert)
20 September 2013
If such LCD, Tv etc. given as commission then TDS will be deducted U/S 194 H...
Nikhil Kaushik
(Expert)
20 September 2013
Dear Aryan, any gift given for achieving sales target will be covered under 194H, irrespective of its form and price.
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CA Pallav Singhania
(Expert)
20 September 2013
Agree with learned Expert Nikhil ji,
Section 194H will be applicable and it will be treated as commission..
Section 194H will be applicable and it will be treated as commission..
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