We are charitable trust registered under the Bombay Public Trusts Act.We are running schools and also providing school Bus services to the students along with other charitable objects.We want to know whether we are liable to obtain PTEC registration and payment of tax under the Maharashtra profession tax Act.
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Quick Summary
This discussion addresses whether charitable trusts registered under the Bombay Public Trusts Act, particularly those running schools and providing bus services in Maharashtra, are liable for Profession Tax Employee (PTEC) registration and payment. The consensus is that PTEC registration is mandatory for such trusts. Guidance is sought on the specific schedule entry under the Maharashtra Profession Tax Act under which these trusts fall.