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Life Insurance of an employee

(Querist) 21 May 2011 This query is : Resolved 
Ques: Whether the life insurance taken up by the company for the employee would be allowable expenditure for the compnay in relation to calculation of book profit and taxable income???
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A V Vishal (Expert) 21 May 2011
Yes, it is a allowable expenditure
Guest (Expert) 22 May 2011
Yes exempted.
Guest (Expert) 22 May 2011
EXPERTS ADVICED CORRECTLY
Shelley Agrwal (Querist) 23 May 2011
Thank U all!!!

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