what is the tax planning for receipt of keyman insurance policy for a partner of the firm? The firm had taken KIP and on receipt the whole amount was assigned to partner. Now is there any tax planing / investment options available?
cna (CA) (13 Points)
06 December 2007what is the tax planning for receipt of keyman insurance policy for a partner of the firm? The firm had taken KIP and on receipt the whole amount was assigned to partner. Now is there any tax planing / investment options available?
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 30 December 2007
CAclubindia
