16 April 2014
We have few schools under a trust.We would like to apply for professional Tax registration. which we are already deducting from school's employees salary from last 1 year.Do we need to register trust or individual schools or both. The schools are still not profitable.Kindly guide.
1. Registration under the PT is not dependent on the School profitability/loss
2.PT is applicable for all establishments irrespective of number of employees
3. Registration under PT should be under Trust only i.e Multiple PT's number will not be allotted to individual school
4. Whatever you have deducted should be paid to Gov immediately . Interest on late pmt is as @2% pm of the Tax due for each or part thereof for the period of tax remain unpaid.
CAclubindia
