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lic premium paid for directors of a private company

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(Querist)
26 June 2009 what should be the treatment for directors lic premium paid for assuring his life through private companies account where in the majority share's are held by the director him self
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chetan soni

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chetan soni (Expert)
02 July 2009 This need to recovered from the director, provided compant does not have policy of insurance of employees.

Otherwise this will dr. to directors current account.

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