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Tag: Income Tax Act

You Searched For "Income Tax Act"
HC relief to Abbott India, allows Rs 48 crore spent on gifts to doctors in 2008-09 to be claimed as expense

HC relief to Abbott India, allows Rs 48 crore spent on gifts to doctors in 2008-09 to be claimed as expense

Farhat Nasim16 Feb 2023 1:51 PM GMT
Mumbai: In respite to drug maker Abbott India Ltd., the Bombay High Court has ruled that the CBDT Circular issued in 2012 as per which the expenses...
Up to 6 months jail if TDS on Free Samples to Doctors not deposited: Union Budget

Up to 6 months jail if TDS on Free Samples to Doctors not deposited: Union Budget

Farhat Nasim2 Feb 2023 12:46 PM GMT
Delhi: The Union Government has recently clarified that failing to deduct and pay 10 percent TDS on the value of freebies received by doctors, as...
No tax deduction on freebies to doctors: Pharma company disallowed booking Rs 21 lakh as expense by ITAT

No tax deduction on freebies to doctors: Pharma company disallowed booking Rs 21 lakh as expense by ITAT

Farhat Nasim3 Jan 2023 10:02 AM GMT
Chennai: Holding that freebies to medical practitioners are prohibited by law, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has...
Hospital Charging Commercial Rates Not Entitled For Registration As Charitable Organisation under Income Tax Act: ITAT

Hospital Charging Commercial Rates Not Entitled For Registration As Charitable Organisation under Income Tax Act: ITAT

Barsha Misra20 Dec 2022 4:00 AM GMT
Hyderabad: The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently stated that a hospital charging its patients commercial...
Now TDS on free physician samples, Doctors under Income Tax net

Now TDS on free physician samples, Doctors under Income Tax net

Farhat Nasim21 Jun 2022 9:45 AM GMT
Setback to Traditional Pharma Marketing
Pharma Freebies to Doctors: Supreme Court announces its verdict

Pharma Freebies to Doctors: Supreme Court announces its verdict

Barsha Misra23 Feb 2022 8:44 AM GMT
New Delhi: Denying relief to a Pharmaceutical Company, the Supreme Court on Tuesday made it clear that gifting "freebies" to doctors by such...

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