175 Points
Joined July 2023
Business expenses incurred for the purpose of earning income are generally allowed as deductions under Section 37 of the Income Tax Act in India. However, the allowability of specific expenses, including the commission paid to doctors, is subject to certain conditions.
Here are some key points:
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Section 37 of the Income Tax Act:
- Section 37 allows for the deduction of any expenditure (not being expenditure of the nature described in Sections 30 to 36) laid out or expended wholly and exclusively for the purpose of the business or profession.
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Commission to Doctors:
- If the commission paid to doctors is incurred wholly and exclusively for the purpose of the pharmacy business, it may be considered a legitimate business expense.
For further more detailed information on this topic visit: Pharma Distributors in Delhi - 2023 [Complete Details]
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