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Govind S Inani (Proprietor)     11 July 2010

Professional Tax

Is Professional Tax an allowable exps under the income from business or profession as per IT Act ?



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 3 Replies

A V Vishal (Advocate)     11 July 2010

Yes it is an allowable expenditure if it is paid on the business name. If profession tax is paid on behalf of the partner/director by the business after deduction of the same from their remuneration then it is allowable to the individual.

Govind S Inani (Proprietor)     12 July 2010

Thank u very much sir for your prompt reply.

Can u please tell me under which section it is deductible?

Asha Pole (Legal)     28 July 2010

Under sec 37 (1) of the income tax act 1961


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