Taxability of Keyman Insurance Policy - accrual or receipt basis ...

Keyman Insurance Policy Taxable on Receipt Basis per Income Tax Act Sections 2(24)(xi) and 28(vi).

March 26, 2019

Case Laws Income Tax AT

Taxability of Keyman Insurance Policy - accrual or receipt basis - From the provisions of section 2(24)(xi) read with section 28(vi), it is evident that the amount of bonus on Keyman Insurance Policy is to be taxed on receipt basis only.

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Taxability of Keyman Insurance Policy - accrual or receipt basis ...

Keyman Insurance Policy Taxable on Receipt Basis per Income Tax Act Sections 2(24)(xi) and 28(vi).

March 26, 2019

Case Laws Income Tax AT

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