Query: We have taken PTRC for Company & for directors as well.
Please tell me if there is any use of taking PRTC for directors, since directors are considered as employees of the company.
CA BAJRANG MUNDRA (JOB) (127 Points)
22 August 2013Query: We have taken PTRC for Company & for directors as well.
Please tell me if there is any use of taking PRTC for directors, since directors are considered as employees of the company.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 26 August 2013
You are referring to which state? In some states there are seperate rates of PT for directors.If they are paying in one company exemption can be claimed in all other companies. This rule is not mentioned for employees.......mjk
CA BAJRANG MUNDRA
(JOB)
(127 Points)
Replied 28 August 2013
I am referring for Mumbai (Maharashtra).
Sir can u pls tell me the whole process of Professional tax