Keyman Insurance Policy Premium of partner paid by Firm is allowable exp : CBDT
CIRCULAR NO. 38/2016 F.No.279/Misc./ 140/2015-ITJ Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, Dated 22nd November, 2016 Subject: Admissibility of expenditure incurred by a Firm on Keyman Insurance Policy in the case of a Partner- Reg. The issue relating to admissibility of expenditure incurred by a firm on Keyman Insurance… Read More »