Menu
Input credit
if proprietor taken lic policy on his own name then he can take input credit of it in the proprietorship firm.
Replies (6)
Helth Insurance is under block credit as per section 17(5) of the CGST act 2017 , you can not take input tax credit in any case .
Its not health but life insurance
Both Life Insurance and Health Insurance are under Block Credit a per section 17(5) (b) (i) of the CGST act 2017 . No ITC .
N on stock insurance
You may avail ITC on stock insurance.
Ok thank u
Recent Threads
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
Related Threads
CAclubindia
