XYZ, a goods manufacturer and suplier company has aggred to pay to his distributor turnover discount (post-sales) if distributor achieves targets as decided by both(Turn over discount is calculated on the basis of certain percentage sales made by his distributor's) . Thereafter, Credit note is issued by suplier for this turnover discount. My question is that is it subject to TDS?
Menu
Tds applicability on turn over discount
Replies (1)
No. Credit note issued against sells.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
