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Is ITC available on professional indemnity insurance policy

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Nilesh Shinde   28 November 2020

Nilesh Shinde

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Is ITC available on professional indemnity insurance policy
JATINDER KUMAR

JATINDER KUMAR (Accountant)     28 November 2020

JATINDER KUMAR
Accountant 
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No......
Thiyagarajan Kandasamy

Thiyagarajan Kandasamy   29 November 2020

Thiyagarajan Kandasamy

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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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