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The Mizoram Professions, Trades, Calling and Employments Taxation (First Amendment) Act, 1997

The Mizoram Professions, Trades, Calling and Employments Taxation (First Amendment) Act, 1997

Tax19973 sections

This Act amends the tax law governing professions, trades, callings, and employments in Mizoram. It establishes how professional tax is determined based on gross income, turnover, contract amounts, or business standing across various occupations. The law applies to individuals, dealers, repair shops, banking companies, registered firms, and corporate entities operating in the state, while explicitly exempting members of the Indian Armed Forces and registered cooperative societies. By updating tax schedules and revising annual tax caps for businesses and institutions, this legislation ensures a standardized tax calculation framework, helping the state government generate local revenue to support public services and regional development.

Start reading →Read full ActSections
  1. 1. Short title extent, and commencement
  2. 2. Amendment of Section 5
  3. 3. Amendment of the Schedule

PDF: pending for this language.