SERVICE TAX ON KEYMAN INSURANCE POLICY

[SUMEDH AYARE]

WHETHER SERVICE TAX ATTRACTS ON KEYMAN INSURANCE POLICY TAKEN BY COMPANY IN FAVOUR OF DIRECTOR. PREMIUM PAID BY COMPANY. WHAT WILL BE THE CONSEQUENCIES IN CASE OF DEATH OR MATURITY.

AI Summary

Service Tax Applicability on Keyman Insurance Policies for Directors: Clarification Needed on Death and Maturity Events A query was raised regarding the applicability of service tax on a Keyman Insurance Policy taken by a company for a director, with the company paying the premium. The question also inquired about the consequences in the event of death or policy maturity. A respondent asked if the issue had been clarified, indicating a need for further information or discussion.