Is charitable trust required to get reg under ptec act ?

IS CHARITABLE TRUST REQUIRED TO GET REG UNDER PTEC ACT ?

Replies (2)

every trust has to register  inder income tax 

if want exemption fo sec 11

and if trust no register 30% tax will applicable for it 

DEAR Sir,

As per PROFESSION TAX ACT, 1975, PTEC Applicable to,-

1. Every Person (Excluding Partnership Firm & HUF).

2. And Engaged actively or otherwise in any profession, trade, calling or Employment. 

3. And Covered by Schedule I appended to the Profession Tax Act, 1975.

Therefore, PTEC is applicable if above all 3 conditions are fulfilled.

Charitable trust is covered under above point No. 1, but not covered under point No. 2 , therefore charitable Trust is not liable to pay PTEC Tax.

However if any charitable Trust is engaged in any profession, trade, calling or Employment, then such a charitable Trust is liable to pay PTEC Tax.

Regards,

- Pradeep N. Kasarikar-Patil 

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