Kindly tell me whether the Contribution to Group Insurance Scheme is allowable as deduction????
Contribution to group insurance scheme allowed as deduction?
Ashok Kumar Sharma (Student) (319 Points)
03 February 2012Ashok Kumar Sharma (Student) (319 Points)
03 February 2012Kindly tell me whether the Contribution to Group Insurance Scheme is allowable as deduction????
Tanash Chakraborty
(KPMG)
(292 Points)
Replied 03 February 2012
yes any amt towards the benefit of the employees is allowed as a deduction....under profits and gains from business or profession