regarding FBT applicable
This query is : Resolved
Bidyananda kahar
(Querist)
22 May 2009
If co. didn't have any employee then FBT is not applicable, But is it applicable when co. Director's are itself also a employee of company?
CA Jaydeep Bhowal
(Expert)
22 May 2009
fbt applicable....
As directors are also act in the capacity of employee sometimes.
As directors are also act in the capacity of employee sometimes.
CA.BHARAT BHUSHAN
(Expert)
22 May 2009
Directors are not employees of the company, but are agent.So, if there is no other employee, then it will not be applicable
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