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
both expenses are allowable under the guidelines of board's resolution on the issues.
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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RMA And Associates LLP
New Delhi
CA Inter
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CCI
Pro
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