A company can give a gift of an assets to its employee.
This query is : Resolved
16 November 2015
Hi Everyone
I have a query. A company can give a gift of an asset to its employee. Please give comment on this.
I have a query. A company can give a gift of an asset to its employee. Please give comment on this.
16 November 2015
Yes company can give an asset to its employees but tax deductible if the value exceeds Rs 5000.
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16 November 2015
Thanks Seetharaman, Can you please clarify on this. How much tax to be deducted by the company.but a company not purchased a new asset. Company give a gift from their asset already in their books.
17 November 2015
Add the amount with salary and deduct applicable TDS>
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