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PTEC of a person who is a foreigner partner

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rutuja prabhune

117 Points Posted on 27 March 2023

Is PTEC applicable to a person who is foreigner and a partner of a LLP and is PTC applicable to a LLC form in a foreigne and has its 99% stake in LLP in India

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Quick Summary

This discussion explores the applicability of PTEC (Professional Tax Enrollment Certificate) for a foreign national who is a partner in an Indian LLP. It also touches upon whether PTC is applicable to a foreign LLC with a significant stake in an Indian LLP. The answer highlights that PTEC's applicability is state-dependent within India, with the example given being an LLP registered in Maharashtra.

CA Rakesh Ishi

Working at Private Company

7751 Points Posted on 27 March 2023

PTEC (Professional Tax Enrollment Certificate) is a state-level tax that is applicable to individuals engaged in professions such as doctors, lawyers, chartered accountants, and others. The applicability of PTEC would depend on the state in which the LLP or LLC is registered, and the rules and regulations of that state with regard to PTEC.