Hello,
I had asked this last time also but didn't get a clear picture of it. I want to ask whether an individual who is carrying on his consultancy business (Ref here is Vastu Consultant) and not having any invoice, but has a current account in the name of his business, required to pay a profession tax??? And if yes then as any other professional he has the gestation period of 2yrs...i.e he need not pay the P.T in the 1st 2years.....I went through the Profession Tax Act..but got confused...Pls guide me properly on this.
CAclubindia
