As per schedule of Maharashtra PT act, each co-parcener not being is minor is required to enroll under the PT act & pay Rs. 2,500/- as tax.
But it is not clear as whether a Karta of HUF is required to be enrolled.
I have come across an instance, where the karta of HUF is already holding an enrollment certificate for himself & paying tax annually. But even then, apart from PT registration, additionally a separate enrollment is being mandated in the name of the Karta for a business started by the HUF.
Is this correct as per the act. If not, can the Karta request for the PT already paid under this enrollment, against proof that he is already enrolled as a person & paying PT.
From India, Mumbai
1But it is not clear as whether a Karta of HUF is required to be enrolled.
I have come across an instance, where the karta of HUF is already holding an enrollment certificate for himself & paying tax annually. But even then, apart from PT registration, additionally a separate enrollment is being mandated in the name of the Karta for a business started by the HUF.
Is this correct as per the act. If not, can the Karta request for the PT already paid under this enrollment, against proof that he is already enrolled as a person & paying PT.
From India, Mumbai
Dear Powercube,
The Maharashtra State Tax on Profession, trade,..... Act 1975, section 5(2) entry 21 says that each co-parcener excluding minor of HUF is require to obtain PT enrollment number and pay the Tax accordingly. Karta is a senior most male member in HUF who is one of the co-parcener, is liable as per section 5(2) as stated above. However, he need not pay double tax. If he is paying tax under PTE as a karta, he can have exemption from paying tax under any other entry or under employment i.e. under PTR.
I am not an expert in this subject. The above is my understanding on reading the Act. Members can correct me if I am wrong or make value addition in my views.
From India, Mumbai
The Maharashtra State Tax on Profession, trade,..... Act 1975, section 5(2) entry 21 says that each co-parcener excluding minor of HUF is require to obtain PT enrollment number and pay the Tax accordingly. Karta is a senior most male member in HUF who is one of the co-parcener, is liable as per section 5(2) as stated above. However, he need not pay double tax. If he is paying tax under PTE as a karta, he can have exemption from paying tax under any other entry or under employment i.e. under PTR.
I am not an expert in this subject. The above is my understanding on reading the Act. Members can correct me if I am wrong or make value addition in my views.
From India, Mumbai
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