RFA
This query is : Open
05 October 2009
Dear All
In case of computation of RFA, 15% of salary or rent paid whichever is less shall be the value of RFA. If the employee doesnt receive salary and only rent is paid for his residence by the company, then how to calculate RFA?
Kindly clarify the same.
In case of computation of RFA, 15% of salary or rent paid whichever is less shall be the value of RFA. If the employee doesnt receive salary and only rent is paid for his residence by the company, then how to calculate RFA?
Kindly clarify the same.
05 October 2009
Hi Suparna,
Would you please explain how you are not paying salary to your employee as the answer may depend on that? It's a unique situation.
Would you please explain how you are not paying salary to your employee as the answer may depend on that? It's a unique situation.
05 October 2009
This question is still open
05 October 2009
If Employee not receive salary from employer the there will not be employer & employee relationship exsists so no chance of RFA
05 October 2009
Yes I do agree with Expert Kapil Arora but in such a situation the rent paid by the company may be disallowed as it would not be considered as a valid business expenses.
06 October 2009
Dear All,
Let me explain the situation. The director is a NRI. He is not receiving remuneration from the company. His house rent and driver salary is paid by the company.
This is a typical and strange situation. But I dont have answer to reply my friend.
Please reply
Let me explain the situation. The director is a NRI. He is not receiving remuneration from the company. His house rent and driver salary is paid by the company.
This is a typical and strange situation. But I dont have answer to reply my friend.
Please reply
06 October 2009
06 October 2009
Dear All,
Let me explain the situation. The director is a NRI. He is not receiving remuneration from the company. His house rent and driver salary is paid by the company.
This is a typical and strange situation. But I dont have answer to reply my friend.
Please reply
Let me explain the situation. The director is a NRI. He is not receiving remuneration from the company. His house rent and driver salary is paid by the company.
This is a typical and strange situation. But I dont have answer to reply my friend.
Please reply
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