TDS on Medical Devices given to employees
This query is : Resolved
21 May 2021
Hi,
We were given IR Thermometer & Oxymeter (for permanent use and not rental etc..) by my employee to track vitals during COVID pandemic. Want to check if Perquisite tax / TDS will be applicable in this case?
We were given IR Thermometer & Oxymeter (for permanent use and not rental etc..) by my employee to track vitals during COVID pandemic. Want to check if Perquisite tax / TDS will be applicable in this case?
21 May 2021
Treat it as gift TDS not applicable.
Gifts below Rs. 5,000 in aggregate during the financial year are exempt from tax.
Gifts below Rs. 5,000 in aggregate during the financial year are exempt from tax.
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