Source:The Hindu BusinessLine - Any freebies given to doctors and their associations by the pharmaceutical companies by way of gift, travel facility, hospitality, cash grant and so on, is not allowable as expenditure, while computing the taxable business income of such companies, says a CBDT
10.11 AM Oct 13th 2012
Adjustment Of Refunds Against Arrears: CBDT Circular Circular No. 4 of 2012, dated 20-6-2012 The Board has been apprised that in certain cases the assessees have disputed the figures of arrear demands shown as outstanding against them in the records of the Assessing Officer. The Assessing
10.49 AM Jun 23rd 2012
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