keyman insurance policy

This query is : Resolved 

03 December 2008 wether keyman insurance policy shall be allowed for two or more persons?

03 December 2008 yes

03 December 2008 There is no such restriction or limit under Income Tax Act that Kayman Insurance Policy will be allowed for only single person. It can be allowed for more than one persons provided it comes within the definition of "Keyman Insurance Policy" as defined in Explanation to clause (10D) of Section 10.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries