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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
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 ?    19 Yes 4 No
H.r. Sreepada Bhagi
 
Answer
# 2
yes 
Is This Answer Correct ?    10 Yes 0 No
Guest
 
 
 
Answer
# 3
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 2 No
Vishal
 
Answer
# 4
Why do you accept any answer which is not at all relevant to the question asked? 
Is This Answer Correct ?    1 Yes 5 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 19 No
Kiran
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what is vat? what is excise? what is form c & d in sales tax? iFlex 43
Where show the sales return of exciseable goods?   2
when we buy an assets a vat has been charged, under which head we show this entry according Haryana sales tax act?   3
difference between rebate and deduction IBM 3
What is deferred tax?   3
what is the ESI ? TELL ME RATE HOW TO WRITE ENTRY   3
When we make payment of custom duty through DEPB Licence against Import.we are a trading Unit. Can we pass on the 100% modvat to manufacturer as per mentioned in Bill of entry.   1
when we reqiure C form from Party?   3
how to calculate the TDS? MCC 3
What is Cost of Acquisition?   2
What the tax rate deduct on advertisement in nerwspaper in year 2010-11?   4
The Loss of Profit & Loss A/C Where It is Shown in Balance Sheet Liability or Assets Why ? Titan 5
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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