Free foreign trips for Doctors by pharma cos allowed: IT Tribunal
Advertisement
Code of conduct laid down by the Medical Council of India (MCI) in its regulations which debar or limit freebies are meant to be followed by the medical fraternity alone, stated the tribunal
IT tribunal allows Rs 23 crore relief to pharma Co giving freebies to doctors
Mumbai: In a major turnaround from an earlier decision of not allowing money spent by pharma on foreign trips of doctors as expense, the Income Tax Appellate Tribunal, was recently seen allowing a pharma company to take tax benefits against funds that were spent giving freebies to medical practitioners.
The current case related to that of PHL pharma and the IT appellate tribunal was seen allowing the firm to deduct a total sum of Rs 23 crores which were spent towards various freebies for medical practitioners including sponsoring trips for doctors for medical seminars, providing them with costly medical journals, and buying them stationery and pens bearing the logo of the pharma company as well as giving them free samples.
IT tribunal allows Rs 23 crore relief to pharma Co giving freebies to doctors
Mumbai: In a major turnaround from an earlier decision of not allowing money spent by pharma on foreign trips of doctors as expense, the Income Tax Appellate Tribunal, was recently seen allowing a pharma company to take tax benefits against funds that were spent giving freebies to medical practitioners.
The current case related to that of PHL pharma and the IT appellate tribunal was seen allowing the firm to deduct a total sum of Rs 23 crores which were spent towards various freebies for medical practitioners including sponsoring trips for doctors for medical seminars, providing them with costly medical journals, and buying them stationery and pens bearing the logo of the pharma company as well as giving them free samples.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.