No Income Tax Deduction payable on Pharmaceutical Companies gifting Freebies to Doctors: Supreme Court [Read Judgment]

Income Tax Deduction -Pharmaceutical Companies -gifting freebies to doctors-SupremeCourt - taxscan

The Supreme Court has held that no Income Tax Deduction is payable on Pharmaceutical Companies gifting freebies to doctors. The Central Board of Direct Taxes (CBDT) issued a circular5, which clarified that expenses incurred by pharmaceutical and allied health sector industries for distribution of incentives (i.e. freebies) to medical practitioners are ineligible for the benefit…

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