FBT query
This query is : Resolved
01 March 2009
a Private limited Company is not having any employee. Directors of the company are not withdrawing any salary.
Is it liable for FBT ? Pls guide
Is it liable for FBT ? Pls guide
02 March 2009
Car interest, Vehicle running & maintenalce, Conveyance, Car Insurance, Telephone Exps. etc under FBT.
But
An entity, which does not have any employee on its rolls, will not be liable to FBT.
But
An entity, which does not have any employee on its rolls, will not be liable to FBT.
02 March 2009
sir, but for applicability of FBT employee must be there and in our case we donot have any employee
02 March 2009
IF THERE IS NO EMPOLYEE, THERE IS NO LIABLITY OF FBT.
02 March 2009
sir is director without salary comes under the category of employee or not.
02 March 2009
FBT is not applicable if a person does not have any employee during the previous year.employer-employee relationship is pre-requisite for the levy of FBT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- Annual return in Gst
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
