Easy Office
LCI Learning

Is director of the co. fall under the category of Employee

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 August 2009 There is any defination of Employee in Income Tax Act,1961,
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
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).
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
28 August 2009 i agree with Mr. Warrier
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
28 August 2009 To conlude i would say from the companies act point of view also a director is employee of the company.
Profile Image

CA Praveen Chopra

Profile Image

CA Praveen Chopra (Expert)
28 August 2009 what is the status of director from fringe benefit tax point of view ?
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links