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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Addition of premium paid to LIC under group gratuity scheme - ...


Life Insurance Corporation Group Gratuity Scheme Premiums Approved for Tax Deduction from January 1, 2000.

July 1, 2019

Case Laws     Income Tax     AT

Addition of premium paid to LIC under group gratuity scheme - scheme had been approved by Commissioner vide its order dated 17.03.2017 w.e.f. 01.01.2000 - once the Commissioner has approved the scheme, then the assessee is entitled to the deduction on account of premium paid to LIC group gratuity fund

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