Can deduction u/s 80 D will be availed on premium paid by a company,for a company director who is salaried company employee? What will it be treated as in company's books?
Menu
Directors' Insurance Premium
Replies (7)
Yes... The director can be avail the deduction in his ROI...
What will it be treated as in company's books?
- Account the premium amount into director's Current Account.
What will it be treated as in company's books?
- Account the premium amount into director's Current Account.
Mr. Stupid intelligent (Kevinton), It's not Your advertisement portal...
What will Director's Insurance Premium be treated? as Drawings or Expenses of the company?
Treated as drawings...
In my view company can claim premium paid as expenses. premium payment in the nature of perquisite to employee
If company claim expense then director can't avail deduction in his ITR.
Director can't claim deduction
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
