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PTEC of partners of the firm

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rutuja prabhune

107 Points Posted on 25 November 2021

PTEC registration of partnership firm is already done and paid but enrollment/ registration of partners for PTEC is not done, can it be done now

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Quick Summary

This discussion addresses whether partners can still be enrolled for PTEC (Profession Tax Enrollment Certificate) after the partnership firm's PTEC registration has been completed and paid for. It clarifies that individuals engaged in professions, including partners of a firm, are liable for profession tax. The core question is about the possibility of late enrolment for partners.

CA Aakarsh Jain

10436 Points Posted on 25 November 2021

Every person who is engaged in any profession (business or service) excluding that of Partnership firm or HUF is liable to pay a profession tax of Rs. 2,500/- p.a. with the government every year after the incorporation or commencement of business. (LLP and All Companies are covered)