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Q. > Please Help: Applicability of Trade License and Professional Tax
One of my client is having a Public limited Company, however the company is not doing any business activity from its incorporation and only some statutory expenses entries are passed.
Can anyone please tell me that is the Company required to Take Trade License.
Is it also required to pay Professional Tax.
Please help me, im waiting for the response.
2 Answers
answered Jun 25, 2012 by CA Satuti Mahajan , batala
Not required, all the expenses will be covered under the head Pre-operative expenses.
answered Jun 28, 2012 by Vikash Kumar Jha , Cuttack
No
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