We are offering the gifts to our customers by scratch card. will this transaction attract TDS.
If yes will be deducted or accepted, If the value of the product is more than Rs. 10,000/-.
Please reply urgently.
2 Replies
Harpreet
(* * * * * *)
(1670 Points)
Replied 20 December 2010
IF it is considering under winning of lottery and etc then it attracts to TDS deduction @ 30%
Sunshine
(Helping All)
(10575 Points)
Replied 20 December 2010
agree...i also thought it will come under lottery and 30% TDS will be deducted...
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