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
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