Payment on Death of Shareholder

Aliasgar Samniwala (19 Points)

11 July 2022  
Co-op Society paid Rs 100000 to every member on his death. No matter whether Death was due to corona or natural death and payment made by society is debited to P&L A/c.


Whether such payment made on death of shareholder/member is eligible as business expenditure u/s 37?