ITC on Expenses related to Ceremonial occasions
This query is : Resolved
02 November 2020
We have organized Vigilance Awareness Week and conducted various competitions for Employees and their Family members and we have purchased Gifts for the Winners. Can we avail the ITC of the Gifts purchased?
regards
We have organized Vigilance Awareness Week and conducted various competitions for Employees and their Family members and we have purchased Gifts for the Winners. Can we avail the ITC of the Gifts purchased?
regards
02 November 2020
Creation of vigilance awareness is related to business so ITC can be claimed on such gifts.
02 November 2020
However, you will have to reverse ITC on the gifts given to family members of employees.
03 November 2020
Dear Sirs,
Thank you very much for clarifying.
regards,
A K Sarma
Thank you very much for clarifying.
regards,
A K Sarma
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