Maharashtra Profession Tax FOR foreign director

Save Share

This query is : Resolved

Quick Summary

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)
Follow

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)
Follow

10 November 2022 No professional tax payable in such a case

Message likes : 1 times

manoj sonalkar

manoj sonalkar (Querist)
Follow

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

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).

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now