FBT
This query is : Resolved
Nilesh Mehta
(Querist)
17 June 2009
a pvt. ltd. company does not have any employee during the year however three directors are there. whether it is liable to FBT or not.
CA.SHAHZAD SAYYED
(Expert)
17 June 2009
FBT is not depend upon no. of employee, FBT is levied on all person except following
1)Individual
2)HUf
3)Social Club
4)Political Party
5)Person Registered u/s 10(23D)
therefor ur company is liable for FBT
1)Individual
2)HUf
3)Social Club
4)Political Party
5)Person Registered u/s 10(23D)
therefor ur company is liable for FBT
CA Nitin Wadhwani
(Expert)
17 June 2009
If the directors are executive diectors then yes, otherwise no.
17 June 2009
FBT is levied on certain specified expenses in respect of the fringe benefits provided or deemed to have been provided by an employer to his employees. Therefore, Mr. Sayyed's answer needs reconsideration. Agree with Mr. Nitin's view.
17 June 2009
i agree with Mr. Nitin
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