Gifts as permissible business expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2015
Is there any limit on amount incurred for distribution of gifts etc. among clients etc. for business promotion.
Guest
Guest
(Expert)
02 January 2015
No there is no such limit defined..
02 January 2015
under income tax act there is no limit as such prescribed.
Rupesh Jain
(Expert)
02 January 2015
there is not limit of gift items . but it is depend on the sales of business.
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