A private limited company incorporated under Companies Act 1956 has incurred more than 150000/- on treatment of his staff suffered heart attack. Later on the staff passed away.
What treatment there will be in the books for the expense incurred by the company for deseased staff. To what extent company can assist the survivor of deseased staff.
Kindly give your expert opinion from Income tax point of veiw.
Regards
CAclubindia
