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Gifts as permissible business expenditure

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2015 Is there any limit on amount incurred for distribution of gifts etc. among clients etc. for business promotion.
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Guest

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Guest (Expert)
02 January 2015 No there is no such limit defined..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2015 under income tax act there is no limit as such prescribed.
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Rupesh Jain

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Rupesh Jain (Expert)
02 January 2015 there is not limit of gift items . but it is depend on the sales of business.

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