Profession tax on partner
This query is : Resolved
07 April 2008
Respected sir,
This query is regarding the Maharashtra Profession Tax.
1) my firm is registerd in gandhidham & i am paying the Profession tax of Partner from Mumbai profession tax no. is it correct or not??? if not what it should be like.
2) Is the same partners are getting salary from the company, is it allowable as salary or remuneration & i have to deduct profession tax again from the partner's salary.
Regards
This query is regarding the Maharashtra Profession Tax.
1) my firm is registerd in gandhidham & i am paying the Profession tax of Partner from Mumbai profession tax no. is it correct or not??? if not what it should be like.
2) Is the same partners are getting salary from the company, is it allowable as salary or remuneration & i have to deduct profession tax again from the partner's salary.
Regards
08 April 2008
Dear Biren,
Yes if your partner is in Mumbai you should deduct PT according to Maharashtra rules.
Professional Tax is paid on the salary itself."Salary" meaning Gross Salary not Net Salary.
Hope your point is clear
Yes if your partner is in Mumbai you should deduct PT according to Maharashtra rules.
Professional Tax is paid on the salary itself."Salary" meaning Gross Salary not Net Salary.
Hope your point is clear
08 April 2008
Thanks for the clarity, further clarify me that one partner is paying P.T. of Rs. 2500/- as an partner in the firm & he is also Paying further Rs. 2500/- as an employee, this situation is correct or not& are we have to deduct only once or in both cases.
Regards
Regards
19 September 2008
No double profession tax on a person in the same State.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Form 27Q Correction statement taking too long to update on IT Portal
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS related Query_Liquidated Damages
- Capital Gain on EUITY Shares
- 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
- GST Refund_RFD-01
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
