Goods and Services Tax : Who is liable to pay Professional Tax in Maharashtra? Any individual or entity engaged in a profession, trade, calling or employme...
Goods and Services Tax : Government has introduced a scheme to solve disputes between Maharashtra government and taxpayers. Amnesty Scheme will be called a...
Goods and Services Tax : Unlock the details of Gujarat Professional Tax & Amnesty Scheme-2022. Explore the nuances of professional tax in India and how Guj...
Finance : PTRC-PTEC Registration 1. What is Professional Tax? Professional tax is a state level tax which is imposed on income earned by...
Goods and Services Tax : MEANING – PROFESSIONAL TAX Unlike the name, Professional Tax is not a tax which is applicable on professionals only, it is tax w...
Goods and Services Tax : Learn why the Goods and Services Tax Practitioners Association of Maharashtra requests an extension for filing PTRC returns due to...
Goods and Services Tax : Periodicity for Paying Tax and Filing Return under PT Act for the F.Y. 2021-22 Instructions:‑ 1. Periodicity of the PTRC dealers...
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 ne...
Goods and Services Tax : No Profession Tax on salaries less than 15,000/- (earlier applicable from Salary of Rs.5,000/- onwards). There are only two taxabl...
Goods and Services Tax : Bihar government has decided to impose professional tax on central and state governments officers and employees, Railways, boards ...
Income Tax : Calcutta High Court ruling states payments by supervisors to individual labourers, each not exceeding Rs. 20,000, cannot be disall...
Goods and Services Tax : Get the latest update on the Maharashtra State Tax Amendment Rules 2024 issued by the Finance Department. Learn about the changes ...
Goods and Services Tax : Govt of Maharashtra notifies Maharashtra State Tax on Professions, Trades, Callings and Employments (Amendment) Bill, 2023 to noti...
Goods and Services Tax : The Government of Karnataka on February 24, 2023, notified that bill Karnataka Tax on Profession, Trades, Callings and Employments...
Goods and Services Tax : Last date of filing PT return return in Form III for Year Ending 2021-22 is extended to 31.5.2022 in West Bengal vide order dated ...
Goods and Services Tax : Late fee waiver Notification dated 25 Feb 2022 has been issued by Government of Maharashtra. All Profession Tax returns pending up...
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.
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
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-six months.
Amendments to Profession Tax Act- i. Responsibility to collect tax at source (TCS) on Organizations, Corporations, etc. ii. Attractive Scheme to be declared for One Time Payment of Tax (OTPT) for professionals. iii. Streamlining provisions for effective recovery of tax.
Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal. The West Bengal State Legislature enacted the West Bengal State Tax on Professions, Trades, Callings and Employments Act, 1979
Office of Commissioner of Profession Tax, Maharashtra State, 8th Floor, GST Bhavan, Mazgaon, Mumbai – 400010. TRADE CIRCULAR No: ACST/VAT-3/PT/Late-fee-waiver/61/2017/B-2002, Trade Circular No. 57T of 2017 Mumbai, Dt : 30/12/2017 Sub: Exemption from payment of Late Fees U/s 6(3) of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975 Ref: 1) Trade […]
The Acts and Rules, which are amended, vide budget 2017-18 in Maharashtra are as follows: 1. The Maharashtra Purchase Tax on Sugarcane Act, 1962(SCPT Act); 2. The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT Act); 3. The Maharashtra Value Added Tax Act, 2002 (MVAT Act); 4. Maharashtra Tax on the Entry of Goods into Local Area Rules, 2002 (ET Act/Rules).
In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2017 (Mah. Act No. XXXI of 2017), is hereby published under the authority of the Governor.
Govt. of Maharashtra has declared an Amnesty Scheme for the persons who have not obtained enrolment certificate yet. Government has decided to take stringent action against the defaulters after the scheme is over. This is the last chance given by Government before initiation of action.
Profession Tax comes in the ambit of Maharashtra Sales Tax Department and is named as Maharashtra State Tax on Profession, Trade, Calling and Employment Act 1975. Every self-employed person has to pay profession tax every year. But due to the lack of knowledge about profession tax, many taxpayers neither follow nor pay profession tax.
