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fringe benefit tax

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(Querist)
02 September 2008 is managing director employee of the company?

u/s 115wb(2)(h) will the expenditure incurred by the company owned by it come under fbt?
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Jitender

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Jitender (Expert)
02 September 2008 yes ,he is employee.
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CA Pawan Goswami

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CA Pawan Goswami (Expert)
02 September 2008 M.D. is an employee of the co.
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CHEZHIYAN

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CHEZHIYAN (Expert)
02 September 2008 In a Company.. Managing Director is an Employee..

Only Share Holders are Considered as Owners..

Even though the MD has Shares in it... in the power of MD he is an employee to company

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