We are a small firm that are considering gifting iPods to our employees through a link I had come across in a previous posting:
iPod your life
If I do consider this, would there be any sort of tax benifit/implication to gifting these iPods, both from employer and employee perspective?

From India , Bangalore
I dont have much idea about tax benefit here, but i can assure you that this gift is worth your money.
From India , Bangalore
Gift to the Employees will affect the FBT (Fringe Benefit Tax)...

What are these fringe benefits that will be taxed?
As per the Finance Bill, fringe benefits shall be deemed to have been provided if the employer has incurred any expense or made any payment for the purposes of:
  • (a) entertainment;
  • (b) festival celebrations;
  • (c) gifts;
  • (d) use of club facilities;
  • (e) provision of hospitality of every kind to any person whether by way of food and beverage or in any other manner, excluding food or beverages provided to the employees in the office or factory;
  • (f) maintenance of guest house;
  • (g) conference;
  • (h) employee welfare;
  • (i) use of health club, sports and similar facilities;
  • (j) sales promotion, including publicity;
  • (k) conveyance, tour and travel, including foreign travel expenses;
  • (l) hotel boarding and lodging;
  • (m) repair, running and maintenance of motor cars;
  • (n) repair, running and maintenance of aircraft;
  • (o) consumption of fuel other than industrial fuel;
  • (p) use of telephone;
  • (q) scholarship to the children of the employees.

From India , Bangalore
Dear Sundaran,
If u have a partnership firm then FBT comes, but if u have a propriotership firm then u can put this expedinture in ur books and u can take the advantage in income tax

From India , Vijayawada
when it comes to corporate gifting it shouldn't about tax. It should about the company name and goodwill that is gone come in corporate gifting. Ipod is a class corporate gift which is gone help your goodwill as well as people who are geting that gift. Ipod link that put up by roy is worth it. Ipod is a perfect gift. Thank you for the link iPod your life.
From India , Bangalore
I feel Like Ipod will make a good corporate gift as ipodyourlife like has offers and discounts specially for corporate gifting. I personally feel Ipod has its own class as it can be used by anyone with easy. Ipod has all the quality to be a perfect corporate gift. Thank you for the link.
From India , Bangalore
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