Tax: Get ready for higher profession tax
Moneylife Digital Team 03 February 2012

Chartered accountants, lawyers and other professionals may have to shell out more money as state governments are contemplating raising the rates of profession tax (PT).

Sushil Kumar Modi, Bihar deputy chief minister, who heads the panel on Goods and Services Tax, said that according to the current provisions, states have the power to revisit the maximum limit of Rs2,500 payable as PT. He added,...

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