Maharashtra Profession Tax FOR foreign director

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This discussion clarifies the Maharashtra Profession Tax liability for foreign directors. Initially, it was questioned if tax was due when a director had no income, sitting fees, or dividends. However, it was confirmed that a profession tax of Rs. 2,500 per annum is payable by every person engaged in a profession, business, or service, including LLPs and all companies, after incorporation or commencement of business.

manoj sonalkar

manoj sonalkar (Querist)

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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

10 November 2022 No professional tax payable in such a case

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manoj sonalkar

manoj sonalkar (Querist)

10 November 2022 Thank for the reply Sir , any notification / explanation from department.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

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).

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