Deduction u\s 37 for gift and presentation
This query is : Resolved
13 January 2013
the company is giving gift and presentation to guest , whether it uis deductible
13 January 2013
In case guests are just guests and their visit to the company is not related with the business of the company, the expenditure may not be allowed.
.
Analysis in the given article may help in resolving your query-
http://taxguru.in/income-tax/understanding-allowability-business-expenditure-section-37-income-tax-act-1961-latest-case-laws.html
.
Analysis in the given article may help in resolving your query-
http://taxguru.in/income-tax/understanding-allowability-business-expenditure-section-37-income-tax-act-1961-latest-case-laws.html
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