Tag Archives: tax on freebies to doctors

ILN Today Post

Recent Developments in the Regulatory Landscape of India

Reported here are the recent developments in the regulatory landscape of India, that are relevant for the medical professionals as well as the pharmaceutical and allied healthcare industry (“Industry”).

Tax on Freebies to the Doctors

The Central Board of Direct Taxes, Ministry of Finance, India (“CBDT”) has on August 1, 2012 directed, in effect, that the Industry as well as medical practitioners would be liable to income tax on the value of any freebies given by the Industry to the medical practitioners.

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