Gift to employee can get deduction in pgbp?

Rakesh Bandal

Self Employed and Agriculture

1349 Points Posted on 19 February 2019

Expenses allowed as employee welfare

Narendra Varma

30 Points Posted on 19 February 2019

sit,if the gift is on the occation of marriage(ex;55000rs by cheque)of employee,can both the employer and employee can get deduction?

Giridhar S Karandikar

Team Lead

7558 Points Posted on 19 February 2019

gifts received on occasion of marriage are exempt. employer can get deduction

thank you , if in the above case the reality is the employer does not give any gift to employee but the employee taken exemption for gift recived fot saving tax to the employer then employee taken as deduction for the amount ......how to know is the gift transaction is really done?

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 19 February 2019

(employer does not give any gift)

Then no way for claim as expenditure.

SHIVANI KUDTARKAR

512 Points Posted on 19 February 2019

employer can not claim deduction as gift recd by employee is not to be considered as income...one's expenditure, others income

Narendra Varma

30 Points Posted on 19 February 2019

1.employee gives a gift rs70000(cheque) to his employee on his marriage.
-employer taken as deduction
-employee taken exemption
after that the gift was returned to his employee....than what is the treatment for this situation?