VATupdate

ITAT: Pharma co’s expenses towards freebies for docs can be claimed as deductions

Tax issues surrounding the ‘nexus’, between pharma companies and doctors, where the latter are sponsored for conferences, at times replete with sightseeing and gala dinners, or expensive gifts, refuse to die down. Judicial precedents, in several cases, have been in favour of pharma companies with the costs relating to such freebies being allowed as business deductions.

Source: a2ztaxcorp.com

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