https://www.taxtmi.com/forum/issue?id=1852 Receipts under a Keyman Insurance Policy are treated as profits in lieu of salary when received by the employee, and the general exemption applicable to life insurance policy sums does not apply to Keyman Insurance Policy receipts, rendering such proceeds taxable on receipt. en-us Mon, 05 Apr 2010 13:39:37 +0530 Thu, 23 Jan 2025 15:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1852 Receipts under a Keyman Insurance Policy are treated as profits in lieu of salary when received by the employee, and the general exemption applicable to life insurance policy sums does not apply to Keyman Insurance Policy receipts, rendering such proceeds taxable on receipt. Discussion-Forum Income Tax Mon, 05 Apr 2010 13:39:37 +0530 https://www.taxtmi.com/forum/issue?id=1852