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Tds on lucky draw for achieving sales target

This query is : Resolved 

13 November 2014 XYZ is a paper books manufacturing company. For increasing sales, it offers prizes in kind as well as a LUCKY DRAW for a foreign trip, to 20 persons out of target achievers. Please advise TDS applicability on Foreign Tour as well as Prizes in Kind.

Best wishes,
Kamalesh Verma

13 November 2014 yes, TDS shall be applicable on this...under section 194B

13 November 2014 yes, TDS shall be applicable on this...under section 194B




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