Professional tax
This query is : Resolved
Priya Hegde
(Querist)
12 July 2016
Whether PT is applicable for remuneration to partners ? if so kindly specify the sections/ circulars for the same.
CA. Sunil Gokhale
(Expert)
12 July 2016
If you mean whether firm should deduct PT while paying remuneration to partners then the answer is know. However, the partner will have to pay PT on his own.
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Priya Hegde
(Querist)
13 July 2016
Why it is not applicable to a Firm?
CA. Sunil Gokhale
(Expert)
13 July 2016
It is applicable to a firm but salary to partner is not actually salary but a mode of distribution of profit. Firm will deduct PT from salary paid to employees.
CA. Sunil Gokhale
(Expert)
13 July 2016
It is applicable to a firm but salary to partner is not actually salary but a mode of distribution of profit. Firm will deduct PT from salary paid to employees.
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