professional tax
This query is : Resolved
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.....
thanks
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.....
thanks
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!
thanks
makkar
And Professional Tax is charged from salaries....
Partners dont have employer-employee relationship!
thanks
makkar
Message likes :
1 times
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
