Is TDS applicable on prize money given to a dealer due to the achievement of sales turnover?
Menu
Tds on prize money to a dealer for achieving sales turnover
Replies (2)
Sir it cant be treated as winning from lottery or game show etc, BUT the same is commission on sales .... As higher sales made him achieve these income so deduct tds surely on it. I hope ans is clear or you can put a p.m to me. Regards
Yes, TDS should be deducted on such incentives u/s 194H.
also check the below link
/forum/treatement-of-sales-incentives-for-income-tax-purpose-203494.asp#.UzLuIfmSwhM
Recent Threads
- SPOM FOR CA FINAL
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
Related Threads
CAclubindia
