Does a partner of a partnership firm required to enroll and pay PTEC against the firm,
if one is already enrolled and paying PTEC for other business as a owner (May it be Sole proprietor or Pvt. Ltd)
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Does a partner of firm required to enrolled onleself for PTEC for each ownership
Replies (1)
The maximum limit of professional tax which can be levied on a person in a financial year shall not be more than Rs. 2500
So if you are paying PTEC as a Sole Proprietor or a Director in a Pvt Ltd Co.,
Then you need not pay again as a partner in a firm
So if you are paying PTEC as a Sole Proprietor or a Director in a Pvt Ltd Co.,
Then you need not pay again as a partner in a firm
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