Gift to actors
Querist : Anonymous
It is treated as an other source income in the hands of the receiver.
In the hands of giver:
It can be claimed as an expense
Whether it is tax deductible?
if yes under what section
(See try to understand the simple point.... since you are a payer.. ok?
Needless to say, when payment is to some celebrity, it is in million. Can you afford to loose the deduction in your P & L merely on account of non TDS?...It is better to make TDS and give)
Your views please...
Querist : Anonymous
As it is income to him and expenses to us i am afraid of disallowance
No body is going to disallow the expenses, if you make the TDS.
On the other hand, there is every likely hood of the expenses being disallowed for want of TDS......
Take a call in the best interest of disallowability.
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