2024 Section 5 of professional tax act

Section 5 of professional tax act

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August undefined, 2024

Webfor determining the amount of tax payable by him according to Schedule I to the Act. (4) After considering the application and such additional information or evidence as may furnished, the prescribed authority shall grant a certificate of enrollment in Form II-A. (5) Where the applicant has more than one place of work in the State, as Websection (1) of section 5 shall be made in Form-1. An employer having places of work within the jurisdiction of different assessing authorities shall make an application for registration …

Maharashtra Profession Tax Act

WebStep 1 - Visit the official website of Integrated Financial Management System-Odisha. Step 2 - From the 'Other e-Services' box available on the right side of the webpage, select 'e-Payment'. Step 3 - A new webpage will open. Click on 'Commercial Tax' from the options available under 'Online Challan Submission'. Web6 Apr 2024 · Delegation of powers and duties to the JC, DC,AC, PTO under Profession Tax Act(Section 7A) / (119.63 KB) 68 : 18/08/2010: DC (A and R)profession Tax Act 2009 31Adm-6 Dt.18.08.10 : Delegation of powers PT act / (78.41 KB) 69 : 30/06/2010: PFT-2010/Adm-29/NTF Dt.30.06.2010 : Due date of payment for PTEC ... fleece sweat sets for men

What Is the Due Date for Payment of Professional Tax? - Vakil …

WebPayments received after deduction of tax. Chapter 5 Settlements: amounts treated as income of settlor or family . Charge to tax under Chapter 5. 619. Charge to tax under … Web26 Apr 2012 · Ans. The penalty prescribed as per section 5(6) for giving false information in application for Registration Certificate or Enrolment Certificate is equal to three times the tax payable under the Profession Tax Act. 11. Where and … Web31 Mar 2024 · In the case of tax liability of less than ₹50,000 in the previous year, the due date for payment of professional tax (PT) is 31 March. 2. In the case of tax liability of more than ₹50,000 per month, the due date is the last day … fleece sweatshirt asymmetrical hem

KARNATAKA TAX ON PROFESSIONS, TRADES, CALLINGS …

Profession Tax Act, 1975 Maharashtra - CAclubindia

Web30 Sep 2024 · Explore our article on Section 43B. Professional Tax or Tax on Employment Under Section 16 (iii) The deduction is allowed for tax on employment under section 16iii of income tax act. The amount a taxpayer pays on account of a tax on employment or professional tax is allowed as a deduction under section 16. Here the tax on employment … WebApart from above discussed businesses, a person carrying on profession as referred to in section 44AA(1)is not eligible for presumptive taxation scheme. ... Income-tax Act, i.e., in case of a person not adopting the presumptive taxation scheme of section 44AD Generally, as per the Income-tax Act, the taxable business income of every person is ... cheetah print hatWebAs Under Section 80C and 80D of Income Tax Act, a deduction of up to Rs. 2lakh is allowed if an individual invests in tax-saving bank fixed deposits with maturity of five years and more. This exemption is part of Rs. 1.5 lakh exemption currently available under Section 80C of Income Tax Act and 50,000 Under section 80D. Other … fleece sweatshirt anorak

"WebSections 15A and 15B were inserted by section 1 (1) of the Theft (Amendment) Act 1996 (c. 62) and section 15B was amended by S.I. 2001/3649. Section 16 was amended by section 5 (5) of the Theft Act 1978 (c. 31). Section 24A was inserted by section 2 (1) of the Theft (Amendment) Act 1996 (c. 62). Section 33 was amended by S.I. 2001/1149. " - Section 5 of professional tax act

Section 5 of professional tax act

Web41 rows · Under the Act - The Maharashtra State Tax on Professions, Trades, Callings and Employments ... Web24 Jun 2024 · For income tax purposes the income earned by the taxpayers is categorised under five major heads such as income from salary, income from house property, profits or gains of business/profession (PGBP), income from …

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WebThe Constitution empowers the levy of Profession Tax subject to a maximum of Rs.2500/- p.a. and a minimum slab of as low as Rs.110/- p.a. This is an equitous levy based on the … Web29 Jan 2024 · According to Subsection 4 of Section 2(r) of the Income Tax Act off 2058 (2002) capital gains taxes is a tax in the profit created with the sale of non-professional property. A Capital Gain Tax must be paid supposing there is a capital gain on nonprofessional property.There is a rule inbound place is requires certain advance tax to …

Web29 Oct 2024 · According to the Tamil Nadu Municipal Laws 2 nd Amendment Act 1998, section 138 C states that if any individual occupied in any profession, trade, employment and calling in the city limits of the Corporation of Greater Chennai, then must have to pay the half-yearly Professional Tax. It must be calculated based on a gross income that is as … Web25 May 2024 · The Professional Tax is a tax imposed on an individual in any trade, profession, employment, and calling in West Bengal. The State legislature introduced the “West Bengal State Tax on Professions, Trades, Callings & Employments Act, 1979” on account of power granted by Article 276 of the Constitution of India. The Act came to life …

WebIt is a nominal tax and never exceeds a few hundred rupees a month. The maximum amount of Professional Tax that any state can impose in India is ₹2500. Further, the total amount of Professional Tax paid during the year is allowed as a deduction under the Income Tax Act. The objective of this article is to provide a broad overview of the ... http://www.bareactslive.com/BIH/bh683.htm

WebProfessions Tax 2 THE GUJARAT STATE TAX ON PROFESSION, TRADES, CALLING AND EMPLOYMENT ACT, 1976 Section Contents 1. Short title, extent and commencement. 2. Definitions. 3. Levy and charge of tax. 4. Employer’s liability to deduct and pay tax on behalf of employees. 5. Registration and enrolment. 6. Returns. 7. Assessment of employers. 7A.

WebEric prides himself in developing flexible, practicable solutions that maximize his clients’ objectives. He also authored Section 11-18(a-5) of … cheetah print headwrapWeb3 Jun 2024 · As per Section 5 of The Maharashtra State Tax, 1975 every person (other than partnership firms) obtain a PTEC registration is mandatory within 30 days from the date … cheetah print heart pngWebThe Bill sets out that a profession is regulated by law where there is a legal requirement to have certain qualifications or experience (or meet an alternative condition or requirement) … fleece sweatshirt for kidsWebUnder Section 5(6) of the Profession Tax Act, misinformation in the registration or enrolment certificate can increase an individual’s professional tax burdens by up to three … cheetah print headbandWeb5 Dec 2024 · The provision regarding the computation of income from the head Profits and Gains of Business or Profession are contained in Section 28 to 44D of The Income Tax Act, 1961. Meaning of Business and Profession -. Under Section 2 (13) of the Income Tax Act, 1961 define Business include any trade, commerce or manufacture or any adventure or … cheetah print heels with redWeb20 Jul 2024 · It is the maximum amount of professional tax a State Government can levy. Professional tax is deducted under Section 16 (iii) of the Income Tax Act, 1961. According to this section, the professional tax that an employee pays is allowed as a deduction from their gross salary while filing their income tax returns. cheetah print head scarfWebincludes perquisites, and profits in lieu of salary, as defined in section 17 ofthe Income - tax Act, 1961 (43 of 1961); Explanation.-For the purposes of this clause or clause (c), the expression "on regular basis" shall mean for a period exceeding 180 days in a year. (k) "tax" means the profession tax; (l) "year" means a financial year. 3. fleece sweatshirt fabric liberty of london