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proprietorship busines

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(Querist)
22 June 2010 I HAVE A PROPRIETORSHIP BUSINESS,WANT TO PAY THE PREMIUM OF MY SON,WIFE THROUGH CHQ.HOW TO SHOW IN BOOKS.CAN I SHOW REMUNERATION IN MY NAME AND THAN DDEDUCT PREMIUM FRM MY INCOME.OR ANY OTHER WAY.PLZ HELLP
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Minu Saraf

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Minu Saraf (Expert)
22 June 2010 Insurance preminum paid for ur son n wife will come under the head drawings
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NIMESH MANPURIA

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NIMESH MANPURIA (Querist)
22 June 2010 but that will reduce my capital
can't i show remuneration and pay the premium from my personal savings a/c
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