Is TDS applicable on prize money given to a dealer due to the achievement of sales turnover?
Is TDS applicable on prize money given to a dealer due to the achievement of sales turnover?
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
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