CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)
19 March 2012Is the Medical Insurance taken on employees and their families, an allowable expenditure in case of the employer under the Income Tax act?
nitin suvarna
(C.A FINAL)
(828 Points)
Replied 19 March 2012
acc to my view insurance policies for employees is allowed but not sure about families (shouldnt be allowed)
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 19 March 2012
Allowable expenditure in the nature of welfare exp ......!!!!!!!!!
When employer paid on behalf of employee....!!!!!
CAclubindia
