a hero has gifted a car to his director,whether it is allowed as deduction for hero
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Quick Summary
This discussion explores whether a car gifted to a director by an employee is a deductible expense. The consensus is that gifts are generally not deductible. While the giver may have already paid tax on the income used for the gift, the director typically won't be taxed on receiving the car, as it's considered a gift and cars aren't included in specific tax definitions for property income.
If it is not a deductible expense then it is taxed in the hands of hero and for director, it is an income from other sources and it will be taxed in the hands of director then it will lead to double taxation