dear all
i have a problem"A director of our company purchase a flat and made payment through company A/C if we show it as gift to director than what would be the taxablity of this transaction?"
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 08 May 2012
You cannot make a gift to a director as a company.
It would be completely taxable in the hands of the director.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
