Important Registrations
Startup India (DPIIT)/GEM
Special Purpose Entity
NGO & Others
Book Keeping & Audits
GST Compliance
Digital Accounting
TDS
HR Policy Document
Labour Law Registrations
Payroll & Labour Law Return
POSH
Post Incorporation
Director Related
Annual Filings
Shares Related
LLP Change
Partner & Capital
LLP Annual Return
Conversion – Company
Conversion – LLP
Winding UP/Restructuring
Other Conversions
FDI Related
Fin-Corp
SEBI
Overseas Investments by Indians
FSSAI & Eating License
Food Business – Others
Drug – Pharmaceuticals
Insecticide & Pest Control
Special Activities
Legal Metrology
Metrology & Hallmarking
Other Certifications
WPC
Telecom Product Certification
BIS Certifications
Trademarks Filing
Design & Copyright
Trademark Post Filing
International Trademark
International Patents
The article discusses the applicability of the Professional Tax Enrollment Certificate (PTEC) for directors of companies registered in Karnataka. As per a notification, directors of companies registered in Karnataka and those nominated by state-owned financing agencies are exempt from professional tax. The exemption applies even if the company's registered office is not located in the state of Karnataka under the Companies Act or if the company is incorporated in Karnataka under the Companies Act. However, Directors, Actors, and Actresses (Excluding Junior Artists) must pay professional tax and fall under serial number 4 in the prescribed schedule.
In summary, the combination of company tax responsibilities, firm partner exemptions, explicit exemption notifications, and the absence of a separate director category in the enrollment portal suggests that directors, especially those associated with registered companies in Karnataka, may not be individually liable for professional tax. It emphasises the importance of understanding the interplay between corporate and individual tax obligations for directors. This clarification aims to comprehensively understand the exempted class and the corresponding schedule classification for directors seeking enrollment under professional tax regulations.
Karnataka