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?
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Tds applicability on turn over discount
Replies (1)
No. Credit note issued against sells.
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