anoop (business) (23 Points)
14 March 2023I have 2 different business on my name with different GST and the place of business is same.
One of them is partnership firm and other is proprietary firm.
Ex: I'm partner in business1 and owner of business2
How many professional taxes should I pay??
Pay professional tax for each business(So pay 2 times) OR pay professional tax for any one of them as both the businesses are backed by single pan card ??
Thanks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177692 Points)
Replied 14 March 2023
Both business entities have different PAN cards, & hence both the businesses are required to register under PT act.
anoop
(business)
(23 Points)
Replied 14 March 2023
Hi Dhirajlaal
Thanks for the reply. I'm also an employee of a company so paying professional tax on my pan card as an employee.
So from your reply can I say -- I already paid professional tax for business2(as an employee of other company). So now I should pay tax for my business1.
Thanks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177692 Points)
Replied 14 March 2023
Apply to PT officer to consider your PT exemption in your proprietorship firm & get approval letter.
But for partnership firm you need to register its PAN under PTEC.
Excel Mastery Program
CAclubindia
