Profession tax - Director
This query is : Resolved
04 July 2010
Dear all,
director of our company who is having own p.t. registration number is also employed in another company & receives salary, net of profession tax deduction i.e.rs.200/- p.m.
As he is director of our company, we pays p.t. - director Rs.2500/- from companys a/c & shows expenses of company.
our C.A. is saying that we dont need to pay Director's p.t.
pls give me proper solution on this.
thanks in advance.
director of our company who is having own p.t. registration number is also employed in another company & receives salary, net of profession tax deduction i.e.rs.200/- p.m.
As he is director of our company, we pays p.t. - director Rs.2500/- from companys a/c & shows expenses of company.
our C.A. is saying that we dont need to pay Director's p.t.
pls give me proper solution on this.
thanks in advance.
04 July 2010
Assuming that the director is not in the employment of the company, there is no need for the company to pay the prof tax of the director.If there is no such obligation then it should be treated as loan to him to be recovered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- One Post a Week Done Right Beats Seven Done Wrong
- Interest on SCSS
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
