Intermediate Student (-) (644 Points)
08 April 2014
Yes, since he has paid for the premium. If he maintains accounts, ask him to account for loan taken from you and then repaid. (I hope the amount is <20000, since he repaid the loan by cash)
If he is a salaried employee and does not maintain accounts, he should keep the premium receipt safely in his file.
Intermediate Student
(-)
(644 Points)
Replied 09 April 2014
CAclubindia
