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regarding FBT applicable

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(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?
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CA Jaydeep Bhowal

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CA Jaydeep Bhowal (Expert)
22 May 2009 fbt applicable....
As directors are also act in the capacity of employee sometimes.
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CA.BHARAT BHUSHAN

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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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