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Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. 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.
Challan or Chalan is a common Hindi word (चालान, cālān) that has become an Indian English technical word used officially in many professional, especially financial transactions. It usually means an official form or receipt of acknowledgement or other kind of proof document , piece of paperwork, police citation , etc.
The Income Tax Department of India specifies the use of the Form and various rules and regulations are associated with it. The Income Tax Act, 1961, and the Income Tax Rules, 1962, govern the process of filing Income Tax Returns in India. Form 3CE is a part of this process and is an Audit Report format and is required by Section 44DA. [24]
The Professional tax (French: Taxe professionnelle or TP) was prior to 2010 a tax levied on businesses (professionals and corporations) whose proceeds financed territorial collectivities. It was created by the Law 75-678 voted on 29 July 1975 that repealed the centuries-old patente and replaced it with the professional tax.
The upward revision of profession tax will also help the State Governments in raising additional resources. 3. It is accordingly proposed to amend clause (2) of article 276 of the Constitution to increase the ceiling of profession tax from two hundred and fifty rupees per annum to two thousand and five hundred rupees per annum.
The median annual real estate tax is only $654 in this city. Montgomery, AL has the lowest annual nominal real estate tax at $654, making up 0.39% of the median home value (ninth-lowest overall).
Everett Collection. The cast of 'The Brady Bunch.' From left: Barry Williams, Susan Olsen, Eve Plumb, Maureen McCormick, Christopher Knight and Mike Lookinland in the 1970s
Service tax had been first levied at a rate of five per cent flat from 1 July 1994 till 13 May 2003, at the rate of eight per cent flat w.e.f 1 plus an education cess of 2% thereon w.e.f 10 September 2004 on the services provided by service providers. The rate of service tax was increased to 12% by Finance Act, 2006 w.e.f 18.4.2006. Finance Act ...