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Tag: income tax act

You Searched For "Income Tax Act"
Not a Nice Time For Dr Reddys? DTAB, CDSCO Recommends Stringent Restrictions on Nimesulide

Dr Reddy's Slapped Rs 2,395 Cr Income Tax Notice, Pharma Giant Denies Allegations

Farhat Nasim8 April 2025 6:07 PM IST
Hyderabad: The Income Tax Department has issued a show cause notice to Dr Reddy's Laboratories Limited, proposing a tax demand exceeding Rs 2,395...
Lupin Gets Rs 18 Crore Relief as HC Bars Arbitrary Tax Reassessment

Lupin Gets Rs 18 Crore Relief as HC Bars Arbitrary Tax Reassessment

Farhat Nasim22 Feb 2025 4:28 PM IST
Mumbai: In a major relief to pharma giant Lupin Limited, the Bombay High Court has quashed a reassessment notice issued under Section 148 of the...
Brand reminders, medical books, journals are like Freebies to doctors: ITAT denies Pfizer expense claim of Rs 11 crore

Brand reminders, medical books, journals are like Freebies to doctors: ITAT denies Pfizer expense claim of Rs 11 crore

Farhat Nasim21 Oct 2023 3:20 PM IST
Mumbai: Noting that expenses done by pharma company Pfizer Limited on brand reminders and the purchase of medical books and journals were like...
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 7:21 PM IST
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 6:16 PM IST
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 3:32 PM IST
Chennai: Holding that freebies to medical practitioners are prohibited by law, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has...
IT Dept searches Akums Drugs, it subsidiaries offices

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

Barsha Misra20 Dec 2022 9:30 AM IST
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 3:15 PM IST
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 2:14 PM IST
New Delhi: Denying relief to a Pharmaceutical Company, the Supreme Court on Tuesday made it clear that gifting "freebies" to doctors by such...
Healthcare tech upgradation fund is need of the hour: Apollo Hospitals

Healthcare tech upgradation fund is need of the hour: Apollo Hospitals

Medical Dialogues Bureau3 Feb 2019 10:26 AM IST
Hyderabad:  Apollo Hospitals Group Managing Director Ms Suneeta Reddy on Wednesday opined that an enhancement in the medical allowance for salaried...

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