Keyman Insurance Premiums for Directors and Employees Allowed u/s 37(1) of Income Tax Act.

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....Disallowance of keyman insurance policy of the director of the company paid - The premium paid for keyman insurance policy is allowable to the assessee u/s. 37(1) of the Act. Similarly insurance premium of the employee is also allowable to the assessee u/s. 37(1). - AT....