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Personal expenses of director

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(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?
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Ganeshbabu K

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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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