Tds

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

25 March 2015  

A Pvt Ltd Company dealing with Whole Sale Textile garments participating "wholesale bonanza scheme" organized by Textile & Garments Dealers .

1. The Company Purchased 2000 coupon from them . each coupon at a rate of Rs.50

2. Gift coupon issue to customers for every purchase of Rs.5000.

3.An amount of Rs. 1 Lac to be payable on coupon purchase and Rs.1000 for Registration fees

What the nature of TDS applicbility of the above.?