one of the clients has paid monthly premium for a stock insurance policy in cash and that too above 20000...... accordingly this will be disallowed, right? But the client says that they did so on request of insurance company?
WHAT ARE THE CONSEQUENCES NOW?
I think even then it will be disallowed unless it can fall under exemption u/r 6DD
It should be disallowed.
ya thts wat i thot, coz ths is not under exception of 6dd nd so it shud b disallowed.
thnks
okay thanks......
its 30000..... still m nt sure.....
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
CCI
Pro
CAclubindia
