ARE GIFTS EXEMPT AS BUSINESS EXPENSE

This query is : Resolved 

12 June 2009 ARE GIFTS MADE TO ANY ONE DEDUCTIBLE AS BUSINESS EXPENDITURE IN P & L ACCOUNT.

12 June 2009 NO. It should in relation to your business. Then only it is allowable. Eg. Gift given to an employee on his/her sons marriage is allowable.

13 June 2009 agree with expert


13 June 2009 Agree with Aditya.



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