dear all
i have a problem"A director of our company purchase a flat and made payment through company A/C if we show it as gift to director than what would be the taxablity of this transaction?"
Menu
Taxablity of a gift
Replies (1)
You cannot make a gift to a director as a company.
It would be completely taxable in the hands of the director.
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
