Tds on marriage gift recived from company
This query is : Resolved
10 June 2014
MARRIAGE GIFT IN MARRIAGE OF SON AS MONEY RECEIVED FROM COMPANY BY EMPLOYEE WHETHER COMPANY LIABLE FOR DEDUCTING TDS OR NOT
PLEASE EXPLAIN
PLEASE EXPLAIN
Guest
Guest
(Expert)
10 June 2014
na no liability... because this amount is tax free in your hands so co, can ignore this amount for caluclation of tds
Sandeep Dharar
(Expert)
10 June 2014
Ravi Marriage Gifts r fully exempted from Tax, of whatever value in cash or kind. So it is fully exempted. No TDS will b deducted.
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