FBT query
This query is : Resolved
01 March 2009
a Private limited Company is not having any employee. Directors of the company are not withdrawing any salary.
Is it liable for FBT ? Pls guide
Is it liable for FBT ? Pls guide
02 March 2009
Car interest, Vehicle running & maintenalce, Conveyance, Car Insurance, Telephone Exps. etc under FBT.
But
An entity, which does not have any employee on its rolls, will not be liable to FBT.
But
An entity, which does not have any employee on its rolls, will not be liable to FBT.
02 March 2009
sir, but for applicability of FBT employee must be there and in our case we donot have any employee
02 March 2009
IF THERE IS NO EMPOLYEE, THERE IS NO LIABLITY OF FBT.
02 March 2009
sir is director without salary comes under the category of employee or not.
02 March 2009
FBT is not applicable if a person does not have any employee during the previous year.employer-employee relationship is pre-requisite for the levy of FBT.
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