Dear Sirs,
Kindly let me know
1) whether “Premium on Keyman Insurance Policy” paid by a Pvt. Ltd. Co. for its Director is deductible as business expense in P&L?
2) whether “Rent ” paid by a Pvt. Ltd. Co. for its Director's RESIDENCE is deductible as business expense in P&L?
Kindly reply at the earliest
Thank you