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Regarding PTRC & PTEC registration

Tax queries 444 views 3 replies

A person is Director in a private limited company and at the same time is also the Proprietor in his proprietorship firm. (NOTE: The pvt ltd company is registered with PTEC and PTRC and paying the same for itself and its directors and employees).

1) Does such a person need to obtain separate PTRC or PTEC registration for proprietorship firm, when the pvt ltd company is already paying PT on his behalf?

2) If yes, then which should be obtained PTRC or PTEC

Thanks

Replies (3)

1. Yes.

2. If employees in proprietorship firm are more than the limit specified under act, go for both, otherwise only PTEC..

PTEC is mandatory for every employer.

PTRC is required only if the PT is applicable on employees salary
IN case of company what should be the month of commencement of business in PTEC form


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