FY 2008-09 our company alloted 1000 shares to our Marketing Manager through private placement , is it come under gifts ?Attract FBT ?
PIYUSH JINDAL
(study)
(84 Points)
Replied 28 August 2009
yes, the company is liable for fbt, however the same can be recovered from employees
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)