IF A COMPANY TAKES KEY MAN INSURANCE POLICY FOR ITS DIRECTORS, THEN:
1. CAN COMPANY CLAIM PREMIUM PAID AS EXP IN P/L AC
2. WILL DIRECTOR NEEDS TO SHOW PREMIUM AS INCOME UNDER "SALARY"
3. ARE MATURITY PROCEEDS TAXABLE?
Menu
KEY MAN INSURANCE POLICY FOR DIRECTORS
Replies (1)
1. Yes.
2. No
3. Yes.
2. No
3. Yes.
Recent Threads
- Query on Buy Back of shares
- Best Ca Inter coaching in Laxmi Nagar
- Why do so many SMEs struggle to scale?
- ITR Processing Delay 2025 - Common Reasons & Pr
- Heard & Seen Around – Your Daily Economi
- First time itr4 filing
- Notice of not filing GSTR 10 after 7years
- Turnover not shown in GTSR -3B want to add and pay
- Suggestion needed for CA Inter Costing for Jan 26
- Heard & Seen Around – Your Daily Economi
Related Threads
CAclubindia
