TDS ON AWARDS IN KIND

Alok Kumar (Practicing C.A.) (56 Points)

03 October 2007  

Dear All,

My company has decalred an award on subscription of Magzine ,. The award would be in kind like Maruti car and other things. Pls specify the TDS provisions uner which we need to deduct TDS and Pls specify the while making calculation of TDS exemption of Rs. 5000 or 2500 whatever would be considered or not>