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Gift - expense

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 May 2014 sir,
gift given to a company can be treated as sales promotion expense?? If not how can we treat such expense?
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Arun Biyani

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Arun Biyani (Expert)
19 May 2014 Yes it can be treated as promotion expenses if you have given the gift in kind and have proper bills for it..

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