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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.
20171219-RA-10963-RRD.pdf: Software used: Preview: Conversion program: Mac OS X 10.10.5 Quartz PDFContext: Encrypted: no: Page size: 612 x 792 pts (letter) 792 x 612 pts (letter) Version of PDF format: 1.3
As per an analysis by the Revenue Department, 91.7% of tax filers (about 5.3 crore out of 5.78 crore tax filers) claimed a cumulative deduction (Sec 80 (C) + Sec 80 (D) + NPS + Loan Interest Repayment + Standard Deduction + others) of less than ₹2 lakh and less than 1 per cent of all tax filers (nearly 3.7 lakh) claimed deductions of over Rs ...
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The contribution mobilière was replaced with rates tax (taxe d'habitation) the same year; Lastly the patente was replaced by the professional tax in 1976. Starting in 1978, tax rates for these three taxes are set freely on an annual basis by each general council, municipal council and other local bodies [note 1] entitled to collect the taxes. [3]
The NATP publishes: TAXPRO Weekly – Each week members receive this e-mail with information about tax alerts and news briefs.; TAXPRO Monthly – A newsletter covering current events and exploring critical new developments in federal tax laws while providing explanations of tax laws and procedures, “how to” articles, and summaries of court cases and rulings.
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").
It is a registered professional body under the National Qualifications Framework Act, 2008. The Institute is a professional association of tax professionals regulating tax practitioners in South Africa. SAIT promotes and focuses on the public interest, professional standards, ethics and integrity, albeit promoting the tax industry and its ...
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