India - Income Tax Act 2010 - Saarc

S. 115WB I.T. ACT, 1961 1.598(v) being the expenditure on advertisement by way of signs, art work,painting, banners, awnings, direct mail, electric spectaculars,kiosks, hoardings, bill boards 62 [, display of products] or by wayof such other medium of advertisement; 63 [***](vi) being the expenditure by way of payment to any advertisingagency for the purposes of clauses (i) to (v) above;64[ 65 [(vii)being the expenditure on distribution of samples either free ofcost or at concessional rate; and](viii) being the expenditure by way of payment to any person of reputefor promoting the sale of goods or services of the business of theemployer,]shall not be considered as expenditure on sales promotion includingpublicity;(E) employees’ welfare.66[Explanation.—For the purposes of this clause, any expenditureincurred or payment made to—(i) fulfil any statutory obligation; or(ii) mitigate occupational hazards; or(iii) provide first aid facilities in the hospital or dispensary run by theemployer; or(iv) provide creche facility for the children of the employee; or(v) sponsor a sportsman, being an employee; or(vi) organise sports events for employees,shall not be considered as expenditure for employees’ welfare;](F) conveyance 67 [***];(G) use of hotel, boarding and lodging facilities;(H) repair, running (including fuel), maintenance of motor cars and theamount of depreciation thereon;(I) repair, running (including fuel) and maintenance of aircrafts andthe amount of depreciation thereon;62. Inserted by the Finance Act, 2007, w.e.f. 1-4-2008.63. Word “and” omitted by the Finance Act, 2006, w.e.f. 1-4-2007.64. Inserted, ibid.65. Substituted by the Finance Act, 2007, w.e.f. 1-4-2008. Prior to its substitution, clause (vii)read as under:“(vii) being the expenditure on distribution of free samples of medicines or of medicalequipment, to doctors; and”66. Substituted by the Finance Act, 2008, w.e.f. 1-4-2009. Prior to its substitution, theExplanation read as under :“Explanation.—For the purposes of this clause, any expenditure incurred or paymentmade to fulfil any statutory obligation or mitigate occupational hazards or provide firstaid facilities in the hospital or dispensary run by the employer shall not be considered asexpenditure for employees’ welfare;”67. Words “, tour and travel (including foreign travel)” omitted by the Finance Act, 2006, w.e.f.1-4-2007.