is the company liable to deduct and pay professional tax
for directors?
Answers were Sorted based on User's Feedback
Answer / vishal
yes company is liable to deduct & pay professional tax to
the concerned department from the directors salaries.maxium
profession tax is Rs2500
| Is This Answer Correct ? | 27 Yes | 3 No |
Answer / h.r. sreepada bhagi
If Profession Tax (Tax on Employment) is applicable in the
state on salaries, then it needs to be deducted & remitted
to the concerned department in respect of
Salary/Remuneration paid to the directors also.
Mr. Kiran the question is not about Tax audit or TDS on
Professional Charges, but is about Profession Tax levied by
State Governments in India.
| Is This Answer Correct ? | 24 Yes | 6 No |
Answer / shubhchintak
Why do you accept any answer which is not at all relevant to the question asked?
| Is This Answer Correct ? | 2 Yes | 7 No |
Answer / kiran
professional limit of audit rs.10 lakh
tds deduted on professional rs.20000 and after 1 july
rs.30000( new)
| Is This Answer Correct ? | 10 Yes | 21 No |
Our one local supplier who engaged in supplying stationery & housekeeping materials he charge Vat @4% on bills or some bills they charge Vat @5% or sometime 12.5% How it decide ..?? n how can we cross check ??
what is security transaction tax
We are purchaseing one machine on duty of payment ( Capital Goods) in the staring of the month financial year 2009-10 at the time of purchase of machine we are not registered with the excise department. But my company registred with the excise department end of the same financial year What can we are taken cenvat credit on capital goods in the year 100% of 50% pls. given the comments or explain me all excise exparts.
Who advance tax is the asset for company? What are the accounting entries of advance income tax
How can the management breakup the salary of employee(if salary Rs.10000/-) which % they calculate the Basic,T.A,D.A,H.RA.and e.t.c.
In advance c form dvat why not showing the amount in form verification
Should WCT deduct on Invoice where VAT charged but service tax not charged as service tax is not applicable to concern vendor (vendor gross income under 10Lacs)?
Is there any change in the section 80DD for the financial year 2009-10
how to get a TIN number of the party in madhya pradesh whereas i puchase good in west bengal
If Mr.A (Individual)Net income Rs.2,00,000 in F.y.2009-10.How much income tax he has to pay.. Is it Right or wrong Total Net income = 200000 (-)Nil Tax 160000 ------- 40000 x 10/100=4000 (-)
We are into Press Tool & Die Manufacturers and regisered with ESI. for Expansion of Building we are paying civil contract bills ( incluidng labour as well as material) . Please let me know while making payment we have to deduct ESI because civil contrator is not registered under ESI. My question is contractor issue bill including material . on what amount we have to deduct ESI. Please let me know.
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds