Lic premium paid allowed business expenses
This query is : Resolved
25 August 2020
A individual person lic premium paid to staff.
Question:
Premium paid amount eligible for business expenses in I.t. act.
Question:
Premium paid amount eligible for business expenses in I.t. act.
31 August 2020
No...it seems to not related to business expenses
19 December 2021
Keyman insurance policy contributes to the company’s tax planning - Premium allowed as business expense under section 37(1) of Income Tax Act, 1961, subject to satisfaction of the assessing officer.
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