Income tax on sales incentive
4 years ago
Dear Sir,
Is sales incentive to be paid by Indian manufacturer to foreign buyer on achieving target is taxable ?
Foreign buyer do not have any office in India and is based in UAE.
If not can you advise me the section of income tax ?
Your reply on this is requested.
Regards,
Sunil Mahajan
A.Dear sir
Since the transaction and target took place on the foreign land , no income tax needs to be paid on incentives paid .
Since the transaction and target took place on the foreign land , no income tax needs to be paid on incentives paid .
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