Hi All,
Please let me know if "Cash Gift" provided by the company to the employee on appreciation of his service attracts FBT or not.
I have a document taken from internet which says it does not attract.
Thanks and regards,
Madhu Chandan
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Cash Gift in appreciation of service given to employee
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CASH GIFT TO AN EMPLOYEE ARE TAXABLE IN THE HANDS OF AN EMPLOYEE SO IT IS NOT TAXABLE UNDER FBT
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