Regarding Festival Gift
Prakash Chandra (191 Points)
20 October 2019
if Gift Provide to Customer in kinds on sale of vehicle, taxable and TDS rate is
1 Replies
Kapadia Pravin
(17259 Points)
Replied 20 October 2019
What is the value of Gift in kind ?
You are taxable in the hands of customer ?
No TDS on any gifts.
And aggregate Gift (from non-relative) upto 50000 is Exempt .
You are taxable in the hands of customer ?
No TDS on any gifts.
And aggregate Gift (from non-relative) upto 50000 is Exempt .
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