Dilip (Working) (408 Points)
14 December 2009is there any tds implication of tds on holiday packages given to winner. Eg: our company has conducted one lucky draw and in that the winners got holiday packages of 2 or 3 days to singapore for free of cost, this whole expenses is bearing by our company. so want to know whether tds is applicable on it or not ?
bhavin
(student)
(24 Points)
Replied 14 December 2009
i think no tds will be deducted on it bcz trip is sponsered by company. it is not winning from lotteries or puzzles.
kabirsen
(student)
(251 Points)
Replied 14 December 2009
this in nature of lotterry winnings. so we shall gross up the value of trip by multiplyinb by 100 and diving by 69.7. and pay tds accordingly
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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