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

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..... 31, 1983 Attention is invited to Board's Instruction No. 1491 dated 8th November, 1982 in which it has been clarified that the reimbursement of the premia on the policy against the loss of flying lic .....

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..... question and are advised that the receipt by way of compensation arising out of the insurance cover, on account of a pilot being declared medically unfit, will not be taxable as it would be of a capit .....

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