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Aditi Ray (Manager) 27 June 2019
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Raj C Doshi (Practising CA) 29 June 2019
If the premises are used for business,you might still charge it to P/L as rent and electricity expense and if required disallow some portion under income tax computation. another option is you can club it as remuneration paid to director and structure the remuneration in such a way that director can avail house rent allowance exemption atleast.