Gift to Customers

Rajeev (Assistant Manager & CA Final)   (83 Points)

21 August 2021  

In Onam Sales Promotional Purpose, We are giving some gifts for Customers. Our Onam Lucky draw Bumper Prize – Car & Bike. We have a doubt in Tax part Against this gift distribution. Pls, give a Clarification on the below-mentioned details:-

 

  1. Who is the Tax Liable person and Which Section is using for this TDS payment?
  2. Section of TDS and Rate?
  3. TDS filing Procedure / Collecting Procedure.