Is profession tax payable by firm??

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2013 1 of our client has got notice of profession tax for registration and enrollment.
the firm has taken enrollment no. PTEC but not PTRC, and they don't deduct PT from salary of their employees.however, all partners paying PT of 2500/- every year.

are they liable to deduct PT from employees? if yes what is the remedy in this case?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 August 2013 Rs.2500 paying to PT is renewal fees. you need to deduct the PT from employees and pay to Govt. monthly basis

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Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2013 Sir, Is there any amnesty scheme available currently by which interest and penalty can be waived or reduced?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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30 August 2013 under incometax no such scheme presently

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