Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: articles on VAT and GST in India :: form 3cd :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: list of goods taxed at 4% :: TDS :: ACCOUNTING STANDARD :: due date for vat payment :: VAT Audit :: empanelment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES
Direct Tax »
 CBDT issues final rules for taxing share buy back by companies
 CBDT issues final rules for taxing share-buyback
 The direct tax collections up to September, 2016 are at Rs. 3.27 lakh crore which is 8.95% more than the net collections for the corresponding period last year.
 IDS is tremendous success: CBDT chief Rani Singh Nair
 Submit monthly data of appeals disposed of: CBDT to officers
 Direct tax mop-up jumps 9 per cent in H1, indirect tax up 26 per cent
 Income tax department slams notice on five Mumbai-based exporters over offshore accounts
 Redress TDS mismatch grievance of taxpayers: CBDT
 Tax department changes rule for accommodating deductions for deferred spectrum payment
 Tax dept renotifies income computation, disclosure standards
 Sushil Chandra to be the next CBDT chief

Mumbai-based NGO asks CBDT to audit drug distribution firms for providing freebies to physicians in violation of IT Rules
April, 03rd 2014

The Mumbai-based Society for Awareness of Civil Rights has approached the Central Board of Direct Taxes (CBDT) to direct Indian drug distribution firms of the bio- medical instruments or diagnostic tools (of above one lakh each) for scrutiny of benefits provided to the doctors for the financial years 2012-13 and 2013- 14.

In accordance with the Medical Council of India (MCI) notification in 2012, the Central Board of Direct Taxes (CBDT) had through a circular dated August 1, 2012 brought all the freebies and facilities given or received by the doctors under the Annual Income Tax returns, failing which could lead to penalties under Income Tax Rules. Penalties include suspension of license to practice.

The NGO in a letter addressed to the director, has pinpointed that there is a huge amount of corruption and kickbacks involved with MNC giants and agents in India bribing the Indian healthcare professionals to influence decisions for accrual of commercial benefits at the cost of patient care.

It has also been demanded by the NGO that the CBDT should put the declarations or penalty prosecution details industry wise on the website for public scrutiny to complement ongoing actions. It also asked for putting the list of doctors violating norms in the public domain.

As per the MCI directive, doctors and their families are forbidden from accepting the freebies and facilities from the healthcare industry directly or indirectly like gifts of any kind and of any value, travel tickets and expenses by any mode under any pretext including for attendance of Continuing Medical Education (CMEs), hospitality of any kind and any value such as hotel accommodation, meals etc, grants for research except through recognised institutions such as hospitals. The directive also prohibits endorsement by doctors and professional associations of any item of any commercial value.

Informs RPY Rao, president, Society for Awareness of Civil Rights, "In the past, a petition by the Confederation of Indian Pharmaceutical Industry requesting Himachal High Court to strike down the Income Tax Rule was rejected. The Court held that medical practitioners are known to prescribe pharma brands in lieu of gifts and other freebies."

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions