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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4362)
Question
is the company liable to deduct and pay professional tax  
for directors?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
If Profession Tax (Tax on Employment) is applicable in the
state on salaries, then it needs to be deducted & remitted
to the concerned department in respect of
Salary/Remuneration paid to the directors also.

Mr. Kiran the question is not about Tax audit or TDS on
Professional Charges, but is about Profession Tax levied by
State Governments in India.
 
Is This Answer Correct ?    18 Yes 4 No
H.r. Sreepada Bhagi
 
Answer
# 2
yes company is liable to deduct & pay professional tax to
the concerned department from the directors salaries.maxium
profession tax is Rs2500
 
Is This Answer Correct ?    10 Yes 1 No
Vishal
 
 
 
Answer
# 3
yes 
Is This Answer Correct ?    8 Yes 0 No
Guest
 
Answer
# 4
Why do you accept any answer which is not at all relevant to the question asked? 
Is This Answer Correct ?    1 Yes 2 No
Shubhchintak
 
Answer
# 5
professional limit of audit rs.10 lakh
tds deduted on professional rs.20000 and after 1 july
rs.30000( new)
 
Is This Answer Correct ?    9 Yes 18 No
Kiran
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what is the tax rate or tax slab for the companies for AY 2009-10?   1
We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.   1
what is the income tax-meaning,rates for 2008-09,procedure,when income tax is filling,form of all income tax heads,complete information about income tax?   1
when i worked finalisation of a firm during 2006-07under kerala vat act in 23-9-06 there is a advancesales tax RS 2170 paid by firm and inthe same month vatpayable is rS.5201 the advance tax is deducted from vatpayable that is 5201-2170=3031 is the vat payable during the month. what are the entries passed in computerised accounting during finalisation in this case please explain   1
When will capital gain araises?   2
TDS IS REFUNDABLE?IF YES OR NOT GIVE REASON.   3
vat amount payable in financial year 2010-2011 Rs. 25000.00 but we paid Rs. 35000.00. This exces payment will be carried in next financial year? MSEB 3
what do you mean by fringe benefit tax???   4
What is excise duty   4
What will be journal entry for TDS deducated from an freight payment of RS. 15000.00 , applicable TDS rate is 2.266%   7
what is the entry for bad debts? Ernst-Young 3
what is GST and how it work   2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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