14 April 2010
A Company gives gold coins of different grams to its employees of sales & marketing dept. as an incentive for the year. What will be its taxing effect? Will it be considered as salary or under which head will it fall as what and what value will be adopted? Then suppose after sometime if the employees sell these coins in future what will its tax impact on them? Will they be considered as sale of capital asset? Why? What will be considered as cost of acquisition?
14 April 2010
thanks Ashok Sir, but I have written that gold coins are given as an incentive for achieving sales targets can they be considered as a gift given to employees???
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