Tag Archives: Sales promotion Expenses

Sales promotion Expenses by pharmaceutical companies allowed u/s 37 of income tax

By | January 26, 2017

Sales promotion Expenses by pharmaceutical companies The Mumbai tribunal held that expenditures incurred in holding seminars, sponsoring lectures, sponsoring travel and accommodation for conferences, small gifts with logo and brand names and cost of samples given to medical practitioners are in the nature of sales promotion expenditure incurred for the business of the taxpayer. Since… Read More »