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Taxability Gift Coupons

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(Querist)
06 June 2010 Are gift coupons distributed amongst employees taxable?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 June 2010 If the Gifts coupons can convert as money is taxable

If the Gifts coupons for the purpose gift it is exempted up to Rs.5000/- aggreate amount for whole financial year beyond Rs.5000 is taxable in the hands of employee

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