Wedding
This query is : Open
Alfred Tuinman
(Querist)
18 January 2017
We would like to gift Rs 10,000 as a gift for our staff member who is getting married and make that, or some fixed amount, part of the company policy. Is this fully under the scope of TDS i.e. taxable? I see at times limits of Rs 5000.
Kaushik Joshi
(Expert)
18 January 2017
Dear Alfred,
Gifting to a person during his/her marriage is not taxable in the hands of the person receiving the gift.
however, the question of whether such expense is an allowable business expenditure to company is a doubtful question. how will it help in the furtherance of the business!
Message likes :
1 times
Alfred Tuinman
(Querist)
18 January 2017
ok I can live with that :)
Our staff are the one and only source of business expense so their well being and productivity is directly related to the success of our (IT) company.
Our staff are the one and only source of business expense so their well being and productivity is directly related to the success of our (IT) company.
Kaushik Joshi
(Expert)
18 January 2017
welcome. please give a thumbs up if you like the response. it's right besides my name.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
