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Tds/st on gift to directors

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2015 Dear experts,
Company is planing to give the gift/cash on diwali to directors both executive and non executive, i have two query regarding this,
(1) weather company is liable to deduct TDS if gift/cash cost is more than 5000
(2) weather ST will be applicable on gift/cash given to directors,

Thanx & Regard
Prachi solanki
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 October 2015 1 Yes company is liable to deduct TDS if gift is more than 5000.
2 ST will be applicable on gift to non executive directors.

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