TDS applicabilty on gift to customer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2010
we, PVT Ltd co has given a gift (TV) to customer as apert of business promotion,Pklease let me know the applicabilty of TDS and which head this exp should be shown
25 May 2010
It does not appear to fall under tds net.
25 May 2010
you company gave a gift(TV) to ur client as a part of business promotion......
it is a business promotional expenditure and no need to deduct Tds on this payment but ur company has to pay Frienge benefit tax on this payment......i think it is better, Once u reed the FBT provisions......
it is a business promotional expenditure and no need to deduct Tds on this payment but ur company has to pay Frienge benefit tax on this payment......i think it is better, Once u reed the FBT provisions......
25 May 2010
FBT abolished wef 01.04.09
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2010
Thank you all for the kind updations
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