1 Answers
Best Answer
Srinivasan Mahadevan answered 2 years ago
Directors & Officers Liability insurance provides coverage for directors of the company against any lawsuits from third parties for any error, mistake and negligence in discharging their duties for the company.
The company pays the premiums for this insurance on behalf of the directors. The premiums paid can be shown as expenses of the company and the GST amount can be claimed under expenses on the GST portal. Tax deductible is not applicable for this insurance.
You may reach out to PlanCover.com for further advice and guidance in structuring the right D&O liability insurance for your company.
The company pays the premiums for this insurance on behalf of the directors. The premiums paid can be shown as expenses of the company and the GST amount can be claimed under expenses on the GST portal. Tax deductible is not applicable for this insurance.
You may reach out to PlanCover.com for further advice and guidance in structuring the right D&O liability insurance for your company.
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