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?
1 Replies
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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