Shoppers License With Professional TAX Registration
One of the biggest reasons business owners need licenses is so the government can track revenue for taxation purposes. However, licenses & permits are also used to protect the public.
Professional Tax is a State level Tax in India on Professions, Trades, Callings and Employments.In Maharashtra (Maharashtra State Tax on Trades, Professions, Callings and Employments Act, 1975), Profession Tax is applicable both on Individuals & Organizations (Company, Firm, Proprietary Concern, Hindu Undivided Family (HUF), Society, Club, Association Of Persons, Corporation or any other corporate body as per the provisions of the Maharashtra Professional Tax Act of 1975.Profession Tax For Individuals :
Every person residing in Maharashtra engaged in any profession, calling, trade or employment is liable and has to obtain a Certificate of Enrollment from Profession Tax Authority. Once the certificate is obtained, the person can discharge their individual tax liability for 5 years by paying lump sum amount equal to the amount of Profession Tax for 4 years in advance, getting relief for one year’s payment.Profession Tax For Organizations:
An employer organization is required to get registered under the Profession Tax Act and obtain a Registration Certificate under which the payment in respect of taxes deducted from employees salary can be made. Also as a firm the organization is required to obtain Enrollment Certificate & pay Profession tax on it’s behalf.