This discussion clarifies whether the purchase of medicines for treatment purposes by a dental clinic, amounting to Rs. 1,20,000, can be claimed as an expense under Section 37 of the Income Tax Act. The consensus is that such a claim is permissible if the clinic is actively practising. Further details and provisions can be found via the provided link.
14 December 2023
Sir, Dental clinic maintained a Doctor fees from patients rs:15 lacs and purchase of medicines treatment purpose amount rs:1,20,000/- Question: Assessess medicines purchase amount expenses claim allowed provision as per 37 in it act.