ARE GIFTS EXEMPT AS BUSINESS EXPENSE
This query is : Resolved
12 June 2009
ARE GIFTS MADE TO ANY ONE DEDUCTIBLE AS BUSINESS EXPENDITURE IN P & L ACCOUNT.
12 June 2009
NO. It should in relation to your business. Then only it is allowable. Eg. Gift given to an employee on his/her sons marriage is allowable.
13 June 2009
agree with expert
13 June 2009
Agree with Aditya.
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