Is profession tax to be deducted on stipend. If no where in the act has it been provided plz help me its urgent.....
Vijay Patil
(Practising Chartered Accountant)
(46 Points)
Replied 19 November 2010
No, its a tax on employment and stipend is paid to trainees and not to employee.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)