ITC on employee insurance
amlu___ 002 (CA Article Trainee) (84 Points)
25 April 2020
Can a employer take ITC on Employee Compensation Insurance policy ?
amlu___ 002 (CA Article Trainee) (84 Points)
25 April 2020
Ankit chaturvedi
(CA in Practice)
(241 Points)
Replied 25 April 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 25 April 2020
Generally, NO = Blocked credits Sec 17(5)
BUT
if such insurance is obligatory for the employer under any act for the time being in force then ITC CAN BE AVAILED .
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