Is ITC available on professional indemnity insurance policy
Nilesh Shinde (56 Points)
28 November 2020
Is ITC available on professional indemnity insurance policy
2 Replies
Thiyagarajan Kandasamy
(118 Points)
Replied 29 November 2020
As per sec 17(5) blocked credit for insurance premium paid for personal purposes no ITC, but you can avail if the insurance for burglary, fire safety insurance, ITC eligible.
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