10 November 2022
can anyone clarify profession tax is payable in case of foreign director in Maharashtra. Income from all sources in NIL & no sitting fee & no dividend paid to director during the year.
10 November 2022
Sorry I am revising my reply. Rs 2500 per annum payable.
Every person who is engaged in any profession (business or service) excluding that of Partnership firm or HUF is liable to pay a profession tax of Rs. 2,500/- p.a. with the government every year after the incorporation or commencement of business. (LLP and All Companies are covered).
CAclubindia
