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of <h1>Income Tax Circular: Pharma Freebies to Doctors Non-Deductible u/s 37(1), Taxable as Income for Doctors.</h1> The circular issued by the Central Board of Direct Taxes addresses the inadmissibility of expenses incurred by pharmaceutical and allied health sector industries in providing freebies to medical practitioners, which contravenes the Indian Medical Council regulations. These regulations prohibit medical practitioners from accepting gifts, travel, hospitality, or monetary grants from these industries. Under Section 37(1) of the Income Tax Act, such expenses are not deductible as they are prohibited by law. Additionally, the value of freebies received by medical practitioners or their associations is taxable as business income or income from other sources, and assessing officers must take appropriate action.
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