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Salaried or non salaried

Tax queries 236 views 2 replies

Hi,

 

I am working on economics and wanted to know if company founders come under employees or not

Replies (2)
It depends on the nature of understanding.

What ever there is no legal definition of it in accounts and tax apart from a small note called ownership interest. However economics describes it broadly as owners. I have imagine owner is a consumer as well. So this makes a director equal treatment an employee. Founder as stake holder if he just draws profits and doesn’t participate. Silly, I have to do everything by myself 


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