https://www.taxtmi.com/forum/issue?id=5296 Premiums for property insurance and property life insurance are exempt from income tax only where the insured property is classified as a business asset; premiums for non-business (personal) property are not exempt. en-us Tue, 12 Feb 2013 09:43:54 +0530 Thu, 23 Jan 2025 15:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5296 Premiums for property insurance and property life insurance are exempt from income tax only where the insured property is classified as a business asset; premiums for non-business (personal) property are not exempt. Discussion-Forum Income Tax Tue, 12 Feb 2013 09:43:54 +0530 https://www.taxtmi.com/forum/issue?id=5296