Group mediclaim premuim as business expense
This query is : Resolved
21 February 2011
pl let me know under which section of IT Act Group Medicalim Premium is considered as business expense?
21 February 2011
section 36(1)(ib) of Income Tax Act 1961.
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21 February 2011
Any Premium paid for keeping in force an insurance on the health of his employee ia allowed as deduction u/s 36(1)(ib)of the I.T.Act
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