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?
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?
No you can not change the category.
| 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.... :(
| Originally posted by : Harpreet | ||
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No you can not change the category. |
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agreed
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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