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Real estate

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2012 Our real estate firm want to give Gold for plot buyers.(for 50 (out of 500)plot buyers 8 gram)

it can be take as expenditure as per income tax act.
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Mohit Naithani

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Mohit Naithani (Expert)
21 December 2012 Plz clear the situation with all aspects...
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2012 My firm purchased land. They converted that land in to plot.

Now they want to promote the plots. They want to give Gold gift to plot purchasers.

The gold purchased by our FIRM is admissible Expenditure as per Income Tax Act?
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
13 August 2023 Yes, it is related to advertise expenses.
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