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Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, Software Engineer, lawyer, doctor etc. are required to pay this professional tax.
เฐคเฑเฐฒเฐเฐเฐพเฐฃเฐพ -Telangana . List of revenue divisions. There are a total of 74 revenue divisions in the state. [2] [3]
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
After formation of Telangana State Srinivas Yadav contested in 2014 Assembly Elections from Sanath Nagar Constituency from Telugu Desam Party and won. Later on, he joined Telangana Rashtra Samithi Party in presence of Chief Minister Kalvakuntla Chandra Shekar Rao and taken Charge as Commercial Taxes Minister.
The Income Tax Act, 1961, has a wide scope and empowers ITD to levy tax on the income of individuals, firms, companies, local authorities, societies, or other artificial juridical persons. [8] Thus, the Income Tax Department influences businesses, professionals, NGOs, income earning citizens, and local authorities, among others.
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
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