Personal expenses of director
This query is : Resolved
Manish Kumar Joshi
(Querist)
04 January 2014
Can a company pay personal expenses of director(e.g. LIC of Director) and claim deduction?If yes then what is the accounting treatment ?Is there must be any clause related to same in AOA of the company?
Ganeshbabu K
(Expert)
05 January 2014
personal expences of director cannot be borned by company,,if any paid by company should be recovered from his salary
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