lic premium paid for directors of a private company

This query is : Resolved 

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

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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