Gifts to Employees

This query is : Resolved 

19 August 2009 Whether gifts given to employees will be taxable in any section for the AY 2010-11. Previously it was covered in FBT but now as FBT has abolished whether it will be considered in the purview of income in any other section?

20 August 2009 It might be treated as part of salary, pls check the defination of salary.

U S Sharda



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