guaranteed Benefit plans under Keyman or Employee Employer insurance

[Harshit Sanghvi]

can we take premium paid as business expenses for guaranteed Benefit plans under Keyman or Employee Employer insurance?

AI Summary

Tax deductibility of insurance premiums for keyman or employee employer guaranteed benefit plans questioned for income tax expense treatment.
Whether premiums paid for guaranteed benefit plans under keyman or employee employer insurance qualify as deductible business expenses for income tax purposes. The enquiry focuses on the tax treatment of premiums for employer paid policies promising guaranteed benefits and whether those premiums are allowable deductions in computing business income.