Hi,
A company has announced competetion for target incentive for the distributor. If the maximum prize is 15000/- will it attract TDS , if so what % and what is the section.
1 Replies
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 19 July 2008
tds is not applicable on target incentive if there is draw & one get prize then it is liable to tds
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