Is director of the co. fall under the category of Employee
This query is : Resolved
28 August 2009
There is any defination of Employee in Income Tax Act,1961,
28 August 2009
The Income tax Act,1961 does not define an employee. But courts have on several occasions decided that director is an employee.
Citation:- 1)Ram Prasad Vs.CIT (1972) 86 itr 122 (SC).
2)CIT Vs. Mrs.Shanti Devi (1992) 64 Taxman 251 (Ori).
Citation:- 1)Ram Prasad Vs.CIT (1972) 86 itr 122 (SC).
2)CIT Vs. Mrs.Shanti Devi (1992) 64 Taxman 251 (Ori).
28 August 2009
i agree with Mr. Warrier
28 August 2009
To conlude i would say from the companies act point of view also a director is employee of the company.
28 August 2009
what is the status of director from fringe benefit tax point of view ?
28 August 2009
same answer
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
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers WROGLY ENTERED
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
