8,700 pharma firms in India claimed tax deductions for ‘gifts’

Around 8,667 pharmaceutical companies claimed income tax deduction under “sales promotion expenses” and “gifts” during 2019-20, the income tax department informed the Madras high court in response to a suo motu case taken up by the court against such unethical marketing practices.

from Healthcare/Biotech-Industry-Economic Times https://ift.tt/2SMfBpB
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