banner_ad

Is charitable trust required to get reg under ptec act ?

Knowledge resource 3870 views 2 replies

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 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details