Check sibling questions
As per Blocked Credit list,
No ITC available of Medical Insurance and Life insurance as these are in nature of employee benefits
 
However, ITC can be availed for stock insurance as this is not related to employees
 
As regards vehicle insurance, if ITC available of Motor Vehicle, then  ITC of Vehicle insurance also available
Example-Insurance of truck used for business
 
If ITC not available of car, then car insurance cant be claimed
Example-Insurance of car used for transporting employees

 


Transcript

ITC OF INSURANCE NO ITC OF ITC AVAILBALE OF Life Insurance Stock Insurance (If no ITC of Motor Vehicle) (If ITC Available of Motor Vehicle) Medical Insurance Vehicle Insurance Vehicle Insurance teachoo.com

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About the Author

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.