Sunali (Learner) (1317 Points)
16 September 2008If an organisation is not paying salary as per P & L A/c but Wages which is paid to labour.....will that organisation be liable to FBT on the basis of labour as there is no other employee in the company...?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 17 September 2008
Labour paid to whom?
Sunali
(Learner)
(1317 Points)
Replied 17 September 2008
by labour...i meant workers to whom wages are paid...
So if a company is paying wages only and not salary i.e. have workers but not employees...will it be liable for FBT...?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 17 September 2008
Workers are also employees!
kalpana hegde
(chartered accountant)
(32 Points)
Replied 17 September 2008
no FBT fbt will not applicable
Sunali
(Learner)
(1317 Points)
Replied 17 September 2008
| Originally posted by :S.Srinivasaraghavan | ||
| " | Workers are also employees! | " |
Can U pls give any reference...?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 17 September 2008
Please refer to definition of workers in Factories Act 1948
Lineesh James
(Company Secretary)
(30 Points)
Replied 18 September 2008
| Originally posted by :S.Srinivasaraghavan | ||
| " | As Factories Act 1948 even contract labourers( even without knowledge of who the principal employer is )are Workers but can they be considered as Employees? | " |
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