Profession tax
This query is : Resolved
18 December 2014
Whether Profession Tax paid by employer (out of his pocket) for the past 3 years without any deduction from the employee is allowed as deduction u/s 37 (read with sec. 43B)?
18 December 2014
Yes, it is very much allowable. No need to look into 43B....because it will be treated as SALARY paid to employee
18 December 2014
However, the Assessing Officer saying that, the employer can collect and pay (Agent to the Government) and he can't claim as expenditure and disallowed. In this case, he paid from his packet. Because the profession tax paid on behalf of employees, who were no more in the organisation. Is there any relevant case law to treat as Salaries?
18 December 2014
Which accounthead did you debit?
In the high esteem of DISCLOSURE, did you debit PROFESSIONAL tax or Salary?
In the high esteem of DISCLOSURE, did you debit PROFESSIONAL tax or Salary?
23 December 2014
Dear Sir,
Sorry for the delay reply.... Profession Tax has been Debited.
Sorry for the delay reply.... Profession Tax has been Debited.
29 December 2014
that is why? You debit SALARY.
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