24 February 2011
dear all... if a partner is getting remunaration from firm say 1,00,000 /- per month (as salary) than professional tax will be charged on that salary of the partners.....
24 February 2011
"For any amount to be included under the head Salaries, there must exist employer-employee relationship". And Professional Tax is charged from salaries.... Partners dont have employer-employee relationship!
24 February 2011
Since salary receive from by partner from the firm is not taxable as income from salry but it is taxed as business income in the hands of the Partner, PT would not be applicable.
CAclubindia
