profession tax

Solution for Problems faced by taxpayer for filing Profession Tax Return!

Goods and Services Tax - Employer whose tax liability exceeds Rs. 50000/- in the previous year are required to file monthly returns. Remaining tax payers have to file yearly return. Newly registered tax payers in any year are also required to file monthly returns in that year. For subsequent year, their periodicity depends on the tax payment of the previous year....

Read More

Detailed Discussion on Punjab State Development Tax Act and Rules, 2018 (Professional Tax)

Goods and Services Tax - Detailed Discussion on The Punjab State Development Tax Act and Rules, 2018 (Professional Tax) Applicability, Registration procedure, documents, Challan deposit and returns....

Read More

Tax Benefits for Differently Able persons in India

Goods and Services Tax - Tax benefits to individual who are differently able, Parents who have dependents who are differently able including minor and certain benefits to private sector for providing employment opportunities to differently able...

Read More

Income / Profession Tax Benefits for Disabled / Handicapped Persons

Goods and Services Tax - Article discusses Benefits under Income Tax and Profession Tax Act Available to Disabled or Handicapped Persons. Income Tax Act Provides Deduction Under Section 80DD, Section 80DDB and Section 80U and also provide indirect tax benefit under section 64 of the Income Tax Act to Disabled / Handicapped Persons. ...

Read More

Compliance Under Profession Tax (West Bengal)

Goods and Services Tax - Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal. Profession Tax is payable at the rates specified in the Profession Tax Schedule. For Tax Schedule Click Here- Profession Tax Rate Schedule West Bengal...

Read More

Budget 2018 Speech by Maharashtra FM Sudhir Mungantiwar

Goods and Services Tax - In my last budget speech, I had mentioned about the Jal and Bhoomipoojan for Chatrapati Shivaji Maharaj Memorial in Arabian Sea near Mumbai at the hands of Honble Prime Minister of India. Now, the tender for this memorial has been finalized and work order has been issued. I am happy to mention that this project will be completed in thirty...

Read More

Waiver of Late Fee for late filing of VAT, CST, PT & Luxry Tax returns

Goods and Services Tax - Waiver of Late Fee for late filing of VAT and CST returns in Maharashtra The Trade has represented that many technical difficulties are being faced by them while filing their returns and therefore the late fees for delayed filing of returns should be waived. The issue was examined and in order to provide relief to […]...

Read More

Profession Tax – States wants increase in Upper limit of Rs 2,500

Goods and Services Tax - The Empowered Committee of State Finance Ministers here today demanded that the upper limit on levying the professional tax be removed. The panel after deliberating on the issue of professional tax came to the conclusion that the upper limit of Rs 2,500 imposed by the Constitution in 1988 should be waived [removed] forever,...

Read More

Employers to obtain Certificate of Registration under the Profession Tax Act,1975, Payment of Profession Tax of employees

Goods and Services Tax - As per the provisions of section 5 read with section 4 of the Maharashtra State Tax on Profession, Trade, Callings and Employments Act, 1975 (Profession Tax Act), every employer having employees on his establishment, whose salary (including all allowances) is more than the limit prescribed under the Profession Tax Act, is required to obta...

Read More
Sorry No Post Found

Procedure to Change PT return periodicity for year 2018-19 in Maharashtra

Trade Circular No. 37 T of 2018 - (03/12/2018) - Employer whose profession tax liability exceeds Rs. 50000/- in the previous year are required to file monthly returns. Remaining tax payers have to file yearly return. Newly registered tax payers in any year are also required to file monthly returns in that year. For subsequent year, their periodici...

Read More

Due date extended for filing PT returns without late fee in Maharashtra

Trade Circular No. 28T of 2018 - (19/10/2018) - Late fees is not payable for delayed return filing of Professional Tax (PT) Returns in Maharashtra by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to November 2018 if  amount payable as per return been/shall be paid on or before the due date. The...

Read More

Late fee for delayed filing of PTRC returns in Maharashtra waived

Trade Circular No. 15 of 2018 - (21/05/2018) - Maharashtra Government exempts whole of the late fee payable by the registered employer, in respect of the monthly or annual PTRC returns pertaining to the periods April 2016 to June 2018 is being exempted, subject to the fulfillment of eligibility condition....

Read More

Punjab imposes Profession Tax on those having Business or Salary Income

Notification No.12-LegJ2018 - (19/04/2018) - Punjab Government imposes profession tax of Rs. 200 Per Month on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax ...

Read More

LLP & LLP partners liable to pay PT in Maharashtra from 01.04.2018

MAHARASHTRA ACT No. XXVI OF 2018. - (31/03/2018) - Maharashtra Profession Tax Act amended from 1.4.2018. Now a Limited Liability Partnership and each partner of LLP shall be liable to pay PT of Rs. 2,500/- per annum...

Read More

Recent Posts in "profession tax"

Solution for Problems faced by taxpayer for filing Profession Tax Return!

Employer whose tax liability exceeds Rs. 50000/- in the previous year are required to file monthly returns. Remaining tax payers have to file yearly return. Newly registered tax payers in any year are also required to file monthly returns in that year. For subsequent year, their periodicity depends on the tax payment of the previous year....

Read More

Procedure to Change PT return periodicity for year 2018-19 in Maharashtra

Trade Circular No. 37 T of 2018 (03/12/2018)

Employer whose profession tax liability exceeds Rs. 50000/- in the previous year are required to file monthly returns. Remaining tax payers have to file yearly return. Newly registered tax payers in any year are also required to file monthly returns in that year. For subsequent year, their periodicity depends on the tax payment of the pre...

Read More

Detailed Discussion on Punjab State Development Tax Act and Rules, 2018 (Professional Tax)

Detailed Discussion on The Punjab State Development Tax Act and Rules, 2018 (Professional Tax) Applicability, Registration procedure, documents, Challan deposit and returns....

Read More

Due date extended for filing PT returns without late fee in Maharashtra

Trade Circular No. 28T of 2018 (19/10/2018)

Late fees is not payable for delayed return filing of Professional Tax (PT) Returns in Maharashtra by the registered employer in respect of monthly or annual returns pertaining to periods April 2016 to November 2018 if  amount payable as per return been/shall be paid on or before the due date. The aforesaid employers should submit the [...

Read More

Tax Benefits for Differently Able persons in India

Tax benefits to individual who are differently able, Parents who have dependents who are differently able including minor and certain benefits to private sector for providing employment opportunities to differently able...

Read More

Income / Profession Tax Benefits for Disabled / Handicapped Persons

Article discusses Benefits under Income Tax and Profession Tax Act Available to Disabled or Handicapped Persons. Income Tax Act Provides Deduction Under Section 80DD, Section 80DDB and Section 80U and also provide indirect tax benefit under section 64 of the Income Tax Act to Disabled / Handicapped Persons. ...

Read More

Compliance Under Profession Tax (West Bengal)

Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal. Profession Tax is payable at the rates specified in the Profession Tax Schedule. For Tax Schedule Click Here- Profession Tax Rate Schedule West Bengal...

Read More

Late fee for delayed filing of PTRC returns in Maharashtra waived

Trade Circular No. 15 of 2018 (21/05/2018)

Maharashtra Government exempts whole of the late fee payable by the registered employer, in respect of the monthly or annual PTRC returns pertaining to the periods April 2016 to June 2018 is being exempted, subject to the fulfillment of eligibility condition....

Read More

All you want to know about Punjab State Development Tax Act, 2018 (Professional Tax)

Every employee or person doing business or profession in Punjab is liable to development tax if after deduction income is above maximum exemption limit i.e. Rs. 2,50,000/- at present as per Income Tax Act. Section 4 also mention ‘Income tax payee’ which creates confusion as Person with Total Income above Rs. 3,00,000/- is income tax p...

Read More

Punjab imposes Profession Tax on those having Business or Salary Income

Notification No.12-LegJ2018 (19/04/2018)

Punjab Government imposes profession tax of Rs. 200 Per Month on All such persons who are assessable under the Head Income from Salaries and/ or Wages as per the Income Tax Act, 1961 and All such persons who are assessable under the Head Income from Business and/ or Profession as per the Income Tax Act, 1961. ...

Read More

Browse All Categories

CA, CS, CMA (3,937)
Company Law (4,149)
Custom Duty (7,119)
DGFT (3,792)
Excise Duty (4,171)
Fema / RBI (3,549)
Finance (3,750)
Income Tax (28,363)
SEBI (2,989)
Service Tax (3,413)

Search Posts by Date

December 2018
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31