The Jammu and Kashmir Professions, Trades, Callings and Employment Taxation Act, 2005
The Jammu and Kashmir Professions, Trades, Callings and Employment Taxation Act, 2005
Labour200525 sections
This law imposes a tax on individuals who practice a profession, run a trade, or are employed for a fee within the Union territory of Jammu and Kashmir. It applies to a wide range of people, including business owners, freelancers, and employees, though it exempts those earning less than one hundred thousand rupees annually, members of the armed forces, and pensioners. The tax is capped at a maximum of two hundred and fifty rupees per year. The revenue collected is intended to support the state's self-employment promotion fund, helping to create jobs and economic opportunities for residents.
- 0. Preamble
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Levy of tax
- 4. Taxation authorities and their jurisdiction
- 5. Employer’s liability to deduct and pay tax on behalf of employees
- 6. Deposit of tax
- 7. Registration
- 8. Consequences of failure to deduct or to pay tax
- 9. Penalties
- 10. Recovery of arrears of tax and other sum
- 11. Power to enforce attendance
- 12. Power to grant stay of demand
- 13. Review
- 14. Appeal, review and revision etc.
- 15. Refunds
- 16. Bar on civil and criminal suits
- 17. Tax clearance certificate
- 18. Self-Employment Promotion Fund
- 19. Administration of the Fund
- 20. Laying of report before the Legislature of the Union territory of Jammu and Kashmir
- 21. Power to remove difficulties
- 22. Power to amend the Schedule
- 23. Power to make rules
- Schedule. Schedule
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