I was auditing a company & i found that that the company pays the Life Insurance Premium on behalf of all its directors.
so what should be the entry in the books & its tax treatment?
Gurmet Siingh (Chartered Accountant) (413 Points)
06 February 2008I was auditing a company & i found that that the company pays the Life Insurance Premium on behalf of all its directors.
so what should be the entry in the books & its tax treatment?
T.K.KIRAN KUMAR
(BUSINESS)
(25 Points)
Replied 07 February 2008