Treatment of Key man Scheme of insurance policy by the compa

This query is : Resolved

shailesh Rai (Querist)
Follow

01 April 2009 Dear Sir,

Please reply my question that how can be treated the key man scheme insurance which premium is paid by the company.

CA LOKESH KASAT, FCA, M.Com (Expert)
Follow

01 April 2009 It can be treated as Profit in Lieu of Salary and Added to Salary of Employee. Other Option under B&P Also available for company.

K V Subba Rao (Expert)
Follow

01 April 2009 Pl check the following link:

https://www.caclubindia.com/experts/experts_message_display.asp?group_id=136531

CA.MANOJ LAMBA (Expert)
Follow

01 April 2009 IT IS TREATED AS EXPENDITURE UNDER THE HEAD BUSINESS OR PORFESSION.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess