Professional Tax payable by the Directors of the Compamy
This query is : Resolved
T.Suresh Babu
(Querist)
23 April 2009
Hi, Can any one update me about professional Tax payable by the Director of a Pvt Ltd Company.Also is it true that even the Directors who are not in receipt of any remuneration also need to pay.
The professiona tax is as per Andhra Pradesh Rules.
Thanks in Advance.
suresh
The professiona tax is as per Andhra Pradesh Rules.
Thanks in Advance.
suresh
CA. B.SRINIVASULU
(Expert)
23 April 2009
Yes. The directors of a company should pay the profession tax in their individual capacity to be a director of the company.
If company is paying salary then it is the duty of the company to deduct the profession tax on salary paid to directors.
If company is paying salary then it is the duty of the company to deduct the profession tax on salary paid to directors.
T.Suresh Babu
(Querist)
23 April 2009
Fine Thanks a lot.Yes as per slab applicability, Company is deducting and paying.But Director also needs to pay in his individual capacity to be a Director of the company.If so how much as per AP Rules?
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Visiting card purchase
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Equity Share Sale and Purchase
- Additional trade name
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
