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LIC input tax of partner

This query is : Resolved 
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(Querist)
14 February 2025 Sir.
One of partnership from take LiC for this partner(husband & wife).They make payment through firm account. Input reflect in 2B. Can get calim in 3B.
Please advise
Binu
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
14 February 2025 if it is for personal purposes, then yes, it should not be claimed.
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binu sukumaran

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binu sukumaran (Querist)
14 February 2025 Thanks for information Nikhil sir.
Both are 2:1 partner share.
Can this treat expense or there capital drawing.
With Regards
Binu
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 February 2025 better to treat as drawings only.
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binu sukumaran

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binu sukumaran (Querist)
15 February 2025 Thanks you Hikhil sir
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ASHWANI DHANUKA

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ASHWANI DHANUKA (Expert)
16 February 2025 Prohibited u/s 17(5). Cannot be claimed irrespective of its treatment as expense or drawing
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