If the company is providin gift (in kind) to dealers (for achieving target), whats are the tax applicable? who will be liable? whats the companies responsiblities?
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Whether any tax is aapplicable for the gift in kind
Replies (1)
Any sum, movable or immovable received from a person other than relatives/occasions specified u/s 56(2) is taxable in the hands of the receiver. Company is liable to deduct TDS, if the gift is taxable in the hands of the receiver.
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