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

(1) This Act may be called the Mizoram Professions, Trades, Calling and Employments Taxation (First Amendment) Act, 1997. (2) It shall have the like extent as the principal Act. (3) It shall come into force on and from the 1st day of April, 1997.

In the principal Act, for Section 5 the following section shall be substituted namely :- DETERMINATION OF TAX : The tax payable by any person under this Act sahll be determined generally with reference to his total gross income or total gross turnover or total contacted amount or total gross business during the previous from his profession trade, calling or employment or eith reference to his standing in the profession trade. Calling or employment, as the case may be and sa specified in the Schedule annexed to this Act : Provide that the provisions of this Act shall not apply to a member of the Armed Forces of India or to a Cooperative Society registered or deemed to have been registered under the Mizoram Co-operative Societies Act, 1991

(1) In entry no 6 of the Schedule annexed to principal Act, the words “or income” appearing after the words :Any dealerwhose annual gross turnover” shall be deleted. (2) Between entry no 6. and 7 of the Schedule annexed to the Act, the following new entry shall be inserted, namely :- “6A. Owner of mechanical ........... electrical or electronic repair works including fabrications and furtniture works. 0.5 percent /of such annual turnover subject to a maximum of Rs. 2,500/- p.a. (3) In entry no 11. of the Schedule annexed to the principal Act, for the figure and the wor/ds “Rs. 2,000/- per annum” specified in respect of Banking Companies as defined in the Banking Regulation Act, 1949 “the figure and the words “Rs 2,500/ - per annum” shall be substituted. (4) In entry no 12 of the Schedule annexed to the Principal Act, for the figure and the words, “Rs 2,000/- per annum” specified in respect of companies registered under the Companies Act, 1956 and engaged in any profession, trade or calling, the figure and the word, “Rs. 2,500/- per annum” shall be substituted. (5) In entry no. 13 of the Schedule annexed to the Act, for the figure and the words, “Rs 1,500/- per annum” specified in respect of Pertnership firms when engaged in any professions, trades, or calling, the figure and the words, “Rs 2,500/- per annum” shall be substituted.