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 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
HELLO SIR,
I WANT TO ASK REGARDING PROFESSION TAX OF INDIVIDVAL
IF ASSESEE DOING TWO SEPARATE BUSINESS ON SAME PAN CARD,
THEN HE IS LIABLE TO PAY PROFSSION TAX ON EACH 
BUSINESS/ENTITY Rs 2500/- PLS REPLY
 Question Submitted By :: Aslam
I also faced this Question!!     Rank Answer Posted By  
 
  Re: HELLO SIR, I WANT TO ASK REGARDING PROFESSION TAX OF INDIVIDVAL IF ASSESEE DOING TWO SEPARATE BUSINESS ON SAME PAN CARD, THEN HE IS LIABLE TO PAY PROFSSION TAX ON EACH BUSINESS/ENTITY Rs 2500/- PLS REPLY
Answer
# 1
No, He is not liable to pay the profession tax for two 
separate business entity coz the profession tax is filing 
under the head Individual so there is no need for that. as 
the profession tax is filed upon the salary so an 
Individuaql is the criteria for that not two separate 
entity.

But if ur two separate business falls for profession tax 
then u have to file the tax for the same.
 
Is This Answer Correct ?    0 Yes 0 No
Neha
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Expand A C H  1
Which balance for profit ? debit or credit? also which balance for Opening Stock?  4
Bank Charges (FIRC CHARGES) what the meaning of FIRC Charges? ING4
under what circumstances, a realisation account is prepared. tell all the situations  1
what is a contra entry how it is passed in journal and cashbook  5
why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?  2
Answered but misspelled pl correct A LIST OF ACCOUNTS IN WHICH TRANSACTIONS ARE POSTED ARE ____ ____ACCOUNTS(ANS.TRACH)  2
what is meant by cash inflow and outflow and differences  1
When oustanding expense is give in the TB and corresponding expense is not then how will we the same? Eg.: Outstaning salary 100 given in the TB and salary for the month is not there to add oustanding with the same. In this situation how will we treat the same. Only in profit & loss account or in balance sheet or both or?  3
What is the basic difference between cash flow statement and funds flow statement  1
What is bad debt ? how does it effects on Balance sheet and profit and loss account?  2
Expand---------GMT  1
What is TDS & why it is deducted?  7
Calculate Maximum allowable remuneration to working partners as for section 40b of the Income Tax Act 1. In case of professional firm'' 2. Incase of Business Firm  1
WHY PROFIT & LOSS A/C, WHY NOT PROFIT & LOSS A/C  1
Expand W E F  3
what is TDS pls give me the best answer  4
What do you mean by Turnover ABN-AMRO6
even if trial balance matches there could be error explain?  1
What is the TDS ratio applicable on professional fees?  2
 
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