Kollipara Sundaraiah (B.com) (2983 Points)
09 November 2023
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 10 November 2023
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 10 November 2023
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 11 November 2023
CA Aman Rajput
(Chartered Accountant)
(9370 Points)
Replied 15 November 2023
Yes, the commission paid to doctors is a business expense that can be claimed as a deduction under Section 37 of the Income Tax Act. The commission paid to doctors is considered to be an expense incurred for the purpose of earning income from the pharmacy business. As such, it is allowable as a deduction under Section 37 of the Income Tax Act. It is important to note that the commission paid to doctors is subject to tax deduction at source (TDS) at the rate of 10%. The assessee is responsible for deducting TDS and depositing it with the Income Tax Department.
Musrath Shaik
(175 Points)
Replied 16 November 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:
Section 37 of the Income Tax Act:
Commission to Doctors:
For further more detailed information on this topic visit: Pharma Distributors in Delhi - 2023 [Complete Details]
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