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Mediclaim of director paid by Co-operative Bank

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(Querist)
18 February 2011 Dear Sir / Madam,
Mediclaim premium of director paid by Co-operative Bank.. Is it a allowable expense as per co-operative exact?
pls rp.
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
18 February 2011 No it is not allowable. If premium is paid under Group mediclaim policy, in that case it is allowable.

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