FBT related issue
This query is : Resolved
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.
08 January 2009
I agree with Mr Jitender after reading Article in http://www.icai.org/resource_file/9799Girish.pdf
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.
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
- GST Regis.
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
