TAX APPLICABLILITY ON AWARDS
This query is : Resolved
10 November 2007
IF OUR CO. GIVES AWARDS FOR LITERATURE/SPORTS ETC TO AN INDIVIDUAL WHAT ABOUT THE IMPLICATIONS OF TAX ON OUR CO. AND RECIPIENT
10 November 2007
Taxable for the receipient as it is not a recognised award. As regards your company it has to justify te deductibility.
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