IS CHARITABLE TRUST REQUIRED TO GET REG UNDER PTEC ACT ?
Is charitable trust required to get reg under ptec act ?
R B Pethe (CA Practice ) (21 Points)
15 April 2017
Pradeep N. Kasarikar-Patil
(EPF ESI & Tax Consultant )
(4 Points)
Replied 21 June 2023
DEAR Sir,
As per PROFESSION TAX ACT, 1975, PTEC Applicable to,-
1. Every Person (Excluding Partnership Firm & HUF).
2. And Engaged actively or otherwise in any profession, trade, calling or Employment.
3. And Covered by Schedule I appended to the Profession Tax Act, 1975.
Therefore, PTEC is applicable if above all 3 conditions are fulfilled.
Charitable trust is covered under above point No. 1, but not covered under point No. 2 , therefore charitable Trust is not liable to pay PTEC Tax.
However if any charitable Trust is engaged in any profession, trade, calling or Employment, then such a charitable Trust is liable to pay PTEC Tax.
Regards,
- Pradeep N. Kasarikar-Patil
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