Deduction u/s 37(1) of it act 1961
This query is : Resolved
24 March 2012
our client made an insurance on their employee under employee employer scheme. whether allowable deduction u/s 37(1) of IT Act. Give the case laws if any.
24 March 2012
Insurance premium paid for a life policy of the employees is allowed as deduction u/s 36(1)(ib) and not Section 37.
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