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Disallowance of expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2011 If a company purchase some gift(Gold Coins) for distribution to its customer for sales promotion from a government co. above Rs. 20,000.00 in cash in single payment.
Is the Expense eligible for deduction?
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Hari Beldona

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Hari Beldona (Expert)
15 September 2011 No, payment made to government co is not included in Rule 6DD of the Income Tax Rules, 1962
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2011 But the client is claiming that as the payment is made to govt. co. so the same can be claimed as deductible exp.
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