Compensation to worker

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If a worker dies in an accident on your business premises, you may be able to claim compensation paid to their family as a business expense. This includes hospitalization costs and payments made to the family. It's crucial to retain all invoices and receipts as proof of expenditure for tax purposes.

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(Querist)
15 September 2024 one worker was died in accident occurred in business premises, Due to death of that worker Business owner has incurred hospitalization expense of that worker around 4 lakh , but unfortunately worker was died and business owner has paid another 4 lakh to his family member, Than 8 lakh will be allowed as business expenditure or not ??



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 September 2024 Yes, subject to insurance claim/s.
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jayesh khokhariya

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jayesh khokhariya (Querist)
15 September 2024 No insurance was not available, owner paid that amount from business
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 September 2024 Yes, can claim. Keep all the invoices & receipts intact.
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