1)AT IS MEANING OF EMPLOYEE FOR THE PURPOSE OF FBT?
2)PARTNER IS NOT EMPLOYEE BUT STILL CAR USED BY PARTNER FOR THE BUSINESS PURPOSE IS LIABLE TO FBT.WHY?
ANKUR LAKRA (ARTICLE) (39 Points)
14 November 20081)AT IS MEANING OF EMPLOYEE FOR THE PURPOSE OF FBT?
2)PARTNER IS NOT EMPLOYEE BUT STILL CAR USED BY PARTNER FOR THE BUSINESS PURPOSE IS LIABLE TO FBT.WHY?
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 14 November 2008
if there is an employee on the roll then fbt is applicable otherwise not partner is not an employee
employee & employer relation is important
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