what will be the provisions of tds application on gifts/awards given to contractors for safety reasons.
is there will be different treatment for gift in cash or kind
Menu
Tds on gift
Replies (2)
Dear Sagar
Gift /Reward paid for any person other than relatives will be treated as commission under section 194H.
If total value of gift/reward is more than 5000 than will have to deduct TDS @ 10% on any amount paid or credited in beneficiaries account.
You Most Wellcome.............
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
