My client is enganed in huge business and arrange draws for its business pramotion and cut the TDS @ 30% on draw prize amount. Can he treat the draw prize as sales pramotion and deduct the tds @ 10%? is it possible?
biren (Accountant) (68 Points)
08 July 2011My client is enganed in huge business and arrange draws for its business pramotion and cut the TDS @ 30% on draw prize amount. Can he treat the draw prize as sales pramotion and deduct the tds @ 10%? is it possible?
Arvind Sharma
(ACA)
(1432 Points)
Replied 08 July 2011
| Originally posted by : biren | ||
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My client is enganed in huge business and arrange draws for its business pramotion and cut the TDS @ 30% on draw prize amount. Can he treat the draw prize as sales pramotion and deduct the tds @ 10%? is it possible? |
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depends upon nature of activity, business and the recipients...
can't say just upon given information.... :(
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 08 July 2011
| Originally posted by : Harpreet | ||
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No you can not change the category. |
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agreed
Paras
(Mcom,CA Final)
(122 Points)
Replied 09 July 2011
In income tax . activities allied to main business are considered as appurtenant. So it depends on main type of business . pls specify.
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