Tds on diwali gift
Querist : Anonymous
Gift given to Employees is subject to TDS under salary.
If you are giving it to your customers. TDS per se is not applicable
(But be sure that it is not related to magnitude of sales, else it may amount to commission and then TDS provisions will get attracted)
Refer Rule 3 of Income tax Rules.
Querist : Anonymous
you mean to say that there arises no tax liability to the payer.
Querist : Anonymous
If the payer pays more than Rs 5,000/- what will be the implications
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