Profession tax

Profession tax:

1. (1) The Board of Councillors may by a resolution determine that a profession tax shall be levied, and publish a notification of such determination under section 212. Then from the effective date of the notification every company, firm, association or Hindu undivided family transacting business in the municipal area for not less than sixty days in the aggregate in any half year shall pay to the municipality a half-yearly profession tax.
2. (2) For the purpose of sub-section (1) the Board of Councillors may make a regulation and fix therein taxable limits, rates of taxes payable and other matters connected with such a tax.