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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

TDS on sales promotion & selling expenses u/s 194H - Only the ...

Income Tax

November 3, 2015

TDS on sales promotion & selling expenses u/s 194H - Only the credit notes were provided only to the distributors who have achieved the target which they can redeem at the time of subsequent purchases. So we are of the opinion that the transaction is out of the purview of the TDS provision. - AT

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  10. Addition on account of Business Promotion Expenses - personal element in the business promotion expenses to the extent of 10% of the total expenses cannot be ruled out.

 

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