07 July 2009
If a company gives some Insurance policy to his employees, then what is the effect for this transaction for both the employer and elmployee for taxation purpose.
Guest
Guest
(Expert)
07 July 2009
It's like a company expenses.
Profit & Loss A/c (Group insurance account)-- Dr To Bank A/c
you only take a benefit as company expenses. You can't take this benefits at the hand of employee or any such ITR.
CAclubindia
