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Insurance exp.

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(Querist)
17 December 2010 Dear,

If any private company provide life insurance benefit to directors. Means life insurance premium paid by company.
weather this expense is allowable under Income Tax Act from the view point of company? and Is it taxable in the hand of Director?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
18 December 2010 Yes allowed under I T act.

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