Tds to be deducted
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2014
Our company has come out with a scheme for 3 months where by whoever purchases from us worth Rs. 1 Lakh and above is eligible for points and based on those points a link has been provided whereby they can redeem those points by purchasing any of the products displayed on the website.
Our company tied with another company to maintain that link and to dispatch the products against which the points have been redeemed. Now we have recieved the invoice from that company worth Rs.36818 and Rs. 13383.
Now a question arises whether TDS is applicable on the above invoices? Pls explain with reasons.
Our company tied with another company to maintain that link and to dispatch the products against which the points have been redeemed. Now we have recieved the invoice from that company worth Rs.36818 and Rs. 13383.
Now a question arises whether TDS is applicable on the above invoices? Pls explain with reasons.
09 January 2014
Hi
No TDS applicable since payment is against purchase of goods.
Thanks
No TDS applicable since payment is against purchase of goods.
Thanks
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