GUDMRNG GUYS DIS IS PRATIK KUMAR MORE OVER HERE GNG 2 GIVE UR ANSWER.
1) 1ST IT SHOULD B TREATED AS BUSINESS PROMOTION EXPDTR. BCOZ IF SWEETS R GIVEN SPECIALLY ON DIWALI, IT NEVER B INCLD IN GIFTS, BCOZ GIFTS SHULD MUST B POSSOSSED FOR SOME TIME BY SOME1.
2) D FBT RATE WULD B @ 20% IRRESPECTINE OF PREVIOUS RATE @ 50% AS PER RECENT AMENDMENTS MADE BY CBDT RULES ON 16/05/2009.
THANKING YOU.