FBT related issue
This query is : Resolved
Deepak Narsaria
(Querist)
08 January 2009
Whether FBT is applicable when there is no employees in the company but they have taken employees on deputation basis
08 January 2009
in case there is no employees on roll then no fbt is payable.
K V Subba Rao
(Expert)
08 January 2009
I agree with Mr Jitender after reading Article in https://www.icai.org/resource_file/9799Girish.pdf
K V Subba Rao
(Expert)
08 January 2009
08 January 2009
Circular no 8/2005 says there should necessarily be an employer employee relationship to levy FBT. If the issue raised is viewed in that angle Mr.Jitender's answer is correct. But the term employee has not been defined anywhere in the Income Tax Act,1961. Consequently,it means any employee-full time or part time, regular or casual,employee doing manual work or otherwise. Ref-Taxmann's Taxation of fringe Benefits-4th edition -page 28. In view of this, according to me, the issue is debatable.
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