WebOct 29, 2024 · PTEC stands for Professional Tax Enrollment Certificate and PTRC is Professional Tax Registration Certificate. PTEC permits to pay the professional tax of the business entity (Private Ltd, Public Ltd, OPC, etc) and also of the owner or professional (sole proprietor, partner, director, etc). Whereas, the function of a PTRC is to permit the ... WebBoth PTEC and PTRC are required by a regular company to pay its own professional tax, as well as the professional tax for all its employees as is applicable. But, in case the Company and LLP does not have any payable employee then it will only require to pay PTEC and not PTRC and pay for Directors and Partners . Applicability of PTEC and PTRC:
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WebMay 3, 2024 · However, this exemption would be applicable only for a period of 2 years from the date when the concerned professional joined his work. ... Hi. I have newly registered a llp firm. I registered for PTEC and filled up the forms and made the payment of rs. 2,000 too, but i have neither RECEIVED any acknowledgement number nor an ec number. all i ... WebMar 13, 2024 · Employers can collect the tax from their employees, or deduct it from their monthly salaries and then pay it as a whole. The employer can collect all these deductions and then pay it up together to the State government. However, if they fail to do so, even after collecting deductions from their employees they will have to face penalties. nuclear storage facility
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WebMar 27, 2024 · PTEC of a person who is a foreigner partner. rutuja prabhune (78 Points) 27 March 2024. 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. WebApr 1, 2024 · The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (Profession Tax Act) applies to whole of State of Maharashtra and has come into operation from 1-4-1975. The Tax is levied and collected subject to the provisions of Article 276 of the Constitution of India for the benefit of the State. II. WebApr 28, 2024 · Hi I want to cancel PTEC of proprietor 1st case as well as partners of LLP 2nd case What is the procedure to do the same I can see online cancellation of PTRC a ... In this context, same rule is applicable to proprietor and directors, if PTE is applicable to them in your state. The term Induction of new partner and outgoing partner, please do ... nine news anchors denver