11 June 2012
AN INDIVIDUAL IS A PARTNER IN PARTNERSHIP FIRM & ASLO HE IS OWNER OF PROPRIETORSHIP FIRM. I WANT TO ASK WHETHER HE HAS TO PAY PROFESSION TAX IN BOTH CAPACITY OR NOT? IF YES, WHETHER HE HAS TO APPLY FOR TWO PROFESSION TAX NO. OR ONE IS SUFFICIENT? PLS. REPLY SOON.............
11 June 2012
It depends upon the criteria prescribed under the law of the particular state's Act. . However, in my view, Partnership Firm & Prop. of the firm both have to take Separate Professional Tax Registration No. and will have to pay tax separately as the business entities are different. .