https://www.taxtmi.com/article/detailed?id=1844 CBDT Circular No. 5/2012 treats freebies provided by pharmaceutical and allied health sector entities to medical practitioners or their associations that violate the Indian Medical Council Regulations as non deductible expenses under the explanation to Section 37(1) and directs that the monetary value of such freebies is taxable in the hands of the recipients as business or other income, with Assessing Officers to examine disclosures and take action; free medical samples for clinical familiarisation are excluded from this prohibition. en-us Tue, 07 Aug 2012 18:05:58 +0530 Tue, 07 Aug 2012 18:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1844 CBDT Circular No. 5/2012 treats freebies provided by pharmaceutical and allied health sector entities to medical practitioners or their associations that violate the Indian Medical Council Regulations as non deductible expenses under the explanation to Section 37(1) and directs that the monetary value of such freebies is taxable in the hands of the recipients as business or other income, with Assessing Officers to examine disclosures and take action; free medical samples for clinical familiarisation are excluded from this prohibition. Articles Income Tax Tue, 07 Aug 2012 18:05:58 +0530 https://www.taxtmi.com/article/detailed?id=1844