Vidhi Codex

The Mizoram Professions, Trades, Callings and Employments Taxation Act, 1995

The Mizoram Professions, Trades, Callings and Employments Taxation Act, 1995

Tax199531 sections

This legislation imposes an annual tax on individuals, companies, and firms engaged in any trade, profession, or employment within the state of Mizoram. The levy is designed to generate additional revenue for Mizoram's public finances. Tax liability depends on an individual's total gross income or standing in their profession, though the maximum tax payable in any financial year is capped at two thousand five hundred rupees. The law specifically excludes members of the Indian Armed Forces and registered cooperative societies from its requirements.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. SHORT TITLE, EXTENT AND COMMENCEMENT
  3. 2. DEFINITIONS
  4. 3. LIABILITY TO TAX
  5. 4. RATES OF TAX
  6. 5. DETERMINATION OF TAX
  7. 6. Taxing Authorities
  8. 7. RETURN
  9. 8. ASSESSMENT
  10. 9. ASSESSMENT OF ESCAPED TAX.
  11. 10. RECTIFICATION OF MISTAKES.
  12. 11. DEDUCTION OF TAX AT SOURCE:
  13. 12. REQUISITION FOR DEDUCTION OF TAX :
  14. 13. INDEMNITY :
  15. 14. APPEALS :
  16. 15. REVISION
  17. 16. DELEGATION OF POWERS :
  18. 17. NOTICE OF DEMAND :
  19. 18. DUES WHEN PAYABLE :
  20. 19. MODE OF RECOVERY:
  21. 20. REFUNDS:
  22. 21. FAILURE TO MAKE RETURNS, ETC.
  23. 22. POWER TO COMPEL ATTENDANCE ETC.
  24. 23. INFORMATION TO BE FURNISHED BY THE PRINCIPAL OFFICER:
  25. 24. PROSECUTION, SUIT OR OTHER PROCEEDING :
  26. 25. PERIOD OF LIMITATION:
  27. 26. PLACE OF ASSESSMENT;
  28. 27. POWER TO EXEMPT
  29. 28. POWER TO MAKE RULES
  30. 29. REPEAL AND SAVINGS
  31. Schedule. Schedule (See Section 4)

PDF: pending for this language.