Is gift is a deductible expense
swathi koppoji (16 Points)
11 September 2020
a hero has gifted a car to his director,whether it is allowed as deduction for hero
swathi koppoji (16 Points)
11 September 2020
swathi koppoji
(16 Points)
Replied 11 September 2020
Mohd Khalid
(492 Points)
Replied 11 September 2020
Gagan Deep Singh
(CHARTERED ACCOUNTANT)
(1190 Points)
Replied 11 September 2020
Director is not liable to pay tax under the head income from other sources as definition of property u/s 56(2) does not include car.
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