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Unit linked insurance premium

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what is the treatment of payment for UNIT LINKED INSURANCE PREMIUM. by the employer
Replies (4)
Is this insurance premium paid by the employer ( company) on behalf of the employees ?. please elaborate in detail.
In the question it is give that employer paid ₹24000 towards ulip for employee

you have show under  indirect  expenses  in profit and Loss account . 

Also check  premium  paid  on behalf  of  employees  is allowable  deduction under 36(1) (ib)  of the income tax  act  1961 or not .


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