whether following exp. allowed under income tax?
This query is : Resolved
11 April 2018
Whether Gold purchased by a pvt. ltd. company for giving as gift to Main supplier or Customer allowed under income tax?
please guid
11 April 2018
Can be claimed u/s 37(1).
Ps:- CBDT has issued a circular stating that any expense incurred in providing
freebies to medical practitioners by pharmaceutical companies in violation of
the provisions of the Indian Medical Council (Professional Conduct, Etiquette
and Ethics) Regulations, 2002 shall be inadmissible under Section 37(1) of the
Income Tax Act, being an expense prohibited by the law.
Ps:- CBDT has issued a circular stating that any expense incurred in providing
freebies to medical practitioners by pharmaceutical companies in violation of
the provisions of the Indian Medical Council (Professional Conduct, Etiquette
and Ethics) Regulations, 2002 shall be inadmissible under Section 37(1) of the
Income Tax Act, being an expense prohibited by the law.
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