We are a broker firm . and received some incentive in form of gold coin . Builder later give us a debit note for TDS deduction against Gold Coin . is it correct practice ? . If i assume 100 rs gold coin he give us. then he treat rs 100 as 90% value or treat Rs 100 as 100% value for TDS calculation . also advise should i book service tax against this transaction. while the builder not doing the booking service tax for the same .
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