Gift Expense

Tax queries 986 views 3 replies
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Bussiness
178 Points Joined November 2009

Mobile gift given to Creditor, is it allowable expense as per Income tax Act?

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On 13 June 2011 at 13:12 Report
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CA IN PRACTICE
16719 Points Joined May 2011

yes it will be allowed             

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On 13 June 2011 at 18:07
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chartered accountant
635 Points Joined December 2008

yes allowed

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On 13 June 2011 at 22:52
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If it is because of credit sale it should be allowed otherwise no

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On 13 June 2011 at 22:59


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