employee defination
This query is : Resolved
CA.GAURAV SACHWANI
(Querist)
09 June 2009
Is Directors are covered under the employee defination given income tax act 1961
Manmohan ACA, CS
(Expert)
09 June 2009
The term employee has not been defined in IT Act, 1961.
However from case law, Director receiving remuneration from the company are employee of the compnay. But other director receving fees etc are not emplyee and acting in professional capacity.
However from case law, Director receiving remuneration from the company are employee of the compnay. But other director receving fees etc are not emplyee and acting in professional capacity.
Arpit Shah
(Expert)
25 December 2015
https://taxguru.in/company-law/esop.html
Arpit Shah
(Expert)
25 December 2015
https://taxguru.in/company-law/esop.html
Arpit Shah
(Expert)
25 December 2015
https://taxguru.in/company-law/esop.html
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