Insurance exp.
This query is : Resolved
17 December 2010
Dear,
If any private company provide life insurance benefit to directors. Means life insurance premium paid by company.
weather this expense is allowable under Income Tax Act from the view point of company? and Is it taxable in the hand of Director?
If any private company provide life insurance benefit to directors. Means life insurance premium paid by company.
weather this expense is allowable under Income Tax Act from the view point of company? and Is it taxable in the hand of Director?
18 December 2010
Yes allowed under I T act.
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