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Payment on Death of Shareholder

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19 Points Posted on 11 July 2022
Co-op Society paid Rs 100000 to every member on his death. No matter whether Death was due to corona or natural death and payment made by society is debited to P&L A/c.


Whether such payment made on death of shareholder/member is eligible as business expenditure u/s 37?
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On 11 July 2022 at 07:48 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 11 July 2022

Provided such clause incorporated in MOU.

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On 11 July 2022 at 12:24
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19 Points Posted on 14 July 2022
Sir do we need to disallow this expenditure under section 37? if yes than on what specific grounds?
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On 14 July 2022 at 08:45
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SEO Sai Gr. Hosp.
211715 Points Posted on 14 July 2022

If not incorporated under MOU, it is to be disallowed.

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On 14 July 2022 at 13:34


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