The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently allowed income tax deduction towards the expenses incurred for gifts to people including the public sector employees for the business promotion. “It is also an accepted business practice in India that customary gifts are usually handed out during festive occasions. Although, handing out […]
from Taxscan | Simplifying Tax Laws https://ift.tt/2ZAO0tG
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