Is professional tax liable to proprietorship companies??
This query is : Resolved
Guest
Guest
(Querist)
18 August 2012
Dear Sir / Ma'am,
My elder brother has a business of metal polishing work & he has opened a proprietorship account since he is the only proprietor operating the business. Now I would like to knw whether does he need to pay professional tax??
The business is in Maharashtra & he already pays Sales tax...
Also since the business has just started in the month of July 2012 how much professional tax wud he be required to pay each month or this FY 2012-2013.??
My elder brother has a business of metal polishing work & he has opened a proprietorship account since he is the only proprietor operating the business. Now I would like to knw whether does he need to pay professional tax??
The business is in Maharashtra & he already pays Sales tax...
Also since the business has just started in the month of July 2012 how much professional tax wud he be required to pay each month or this FY 2012-2013.??
19 August 2012
Profession Tax is Tax paid for carrying any trade commerce or profession irrespective of any other taxes paid hence applicable to you.
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