TDS on Incentive
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2010
If a company gives incentives to it's dealer in form of White goods instead of credit to their account, who is having tax liability in that case?
Please keep in view the following points while answering:
(a)It's not a gift or lucky draw
(b)It can be of any value based on sales done by the dealer
(c)White goods includes gold, silver, fridge, LCD, Car etc.
Please keep in view the following points while answering:
(a)It's not a gift or lucky draw
(b)It can be of any value based on sales done by the dealer
(c)White goods includes gold, silver, fridge, LCD, Car etc.
16 August 2010
Any Incentives in cash/kind received by dealer will be taxable as business income...
Market value on date of receipt will be taken.
Market value on date of receipt will be taken.
Message likes :
1 times
22 August 2010
My view , TDS is not applicable and covered for this transaction. As told by expert this is business Income
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