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Tax on Free of Cost Material

kothari K
Dear Professionals Request you to guide me regarding Tax Liability on Free of Cost material Received (FOC Material).
Clarification sought on tax liability for free of cost materials: service tax, excise, or income tax? A query was raised in a discussion forum regarding the tax liability on free of cost (FOC) materials received, specifically asking for guidance on whether this pertains to service tax, excise, or income tax. The inquiry was initiated by an individual and received one reply questioning the specific tax category applicable to the situation. (AI Summary)
Central Excise
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