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Key person insurance as expences

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(Querist)
04 June 2019 CAN WE CLAIM PARTNER'S TERM INSURANCE AS EXPENCES IN PARTNERSHIP FIRM ACCOUNT.
AS KEY PERSON INSURANCE.

IF NO WHAT IS ADDITIONAL REQUIREMENTS FOR CLAIMING IN KEY PERSON INSURANCE??

IF YES THEN WHAT IS PROVISION FOR CLAIM AMOUNT IN FURURE??
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 June 2019 No, that is not possible.

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