I want to know the treatment of fire fighting expense in case of loss of profit policy claim computation..... Kindly post the answer
Menu
Insurance claims - loss of profit policy
Replies (1)
Fire fighting expense should be added to total loss.
You may refer to :
You also do an alternative treatment of leaving out the firefighting expense. then actual loss shall be Rs 4,70,000
and claim would be Rs 3,50,000/ 5,00,000 *4,70,000
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
