Reimbursement of the premia on the policy against the loss of flying licence is not taxable.

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....Tax<br>INSTRUCTION NO. 1505/CBDT &nbsp;Dated: March 31, 1983 Attention is invited to Board's Instruction No. 1491 dated 8th November, 1982 in which it has been clarified that the reimbursement o....

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....ruction would follow. 2. The Board have considered this question and are advised that the receipt by way of compensation arising out of the insurance cover, on account of a pilot being declared med....