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Perk up your Employee’s Diwali with a Tax-free Gift!

Gift Below Rs.5,000 On Ceremonial Occasion Treated As Tax Free Perk Under I.T. Rules “If you give what can be taken, you are not really giving,” quoted the noted Sufi author Idries. Trying to think of giving something to your employees during the coming festive season, out of which even the Taxman cannot take anything? Here is a smart idea! Tax Free Gift on Ceremonial Occasion Rule 3(7)(iv) of the Income-tax Rules...

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