Purchase of medicines claim allowed


This query is : Resolved 

Quick Summary
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.

15 December 2023 Yes, If he practice with clinic.

15 January 2024 This article should also help https://saprlaw.com/taxblog/section_37_incometaxact_final.pdf


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