Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Profession tax partnership firm

1877 views

Save Share

Join Us Follow Us Add as Source

Hanspal Singh

Chartered Accountant

30 Points Posted on 09 January 2013

I have the following queries,

-Are partnership firms holding MVAT TIN required to pat profession tax

-Are partners required to pay profession tax

Thank you

Replies (2)

Ashish

193 Points Posted on 09 January 2013

firm is liable to PT besides each partner is also liable to pay PT. Due for Payment in all 3 cases was 30.06.2012 for FY 2012-13. For new registration Officer will give date of same.

CA D.C. Bansal

Accounts Head

311 Points Posted on 09 January 2013

Partnership Firm has to pay the Professional Tax but partners are not liable to pay the Professional Tax. Pl check the schedule of Professional Tax of your state.