Treatment of Key man Scheme of insurance policy by the compa
This query is : Resolved
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.
Please reply my question that how can be treated the key man scheme insurance which premium is paid by the company.
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.
01 April 2009
Pl check the following link:
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=136531
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=136531
01 April 2009
IT IS TREATED AS EXPENDITURE UNDER THE HEAD BUSINESS OR PORFESSION.
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