what is the tax planning for receipt of keyman insurance policy for a partner of the firm? The firm had taken KIP and on receipt the whole amount was assigned to partner. Now is there any tax planing / investment options available?
cna (CA) (13 Points)
06 December 2007what is the tax planning for receipt of keyman insurance policy for a partner of the firm? The firm had taken KIP and on receipt the whole amount was assigned to partner. Now is there any tax planing / investment options available?
Late CA Sampat Jain
(Chartered Accountant)
(4772 Points)
Replied 30 December 2007
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)