Profession tax
This query is : Resolved
himanshu vyas
(Querist)
10 October 2012
is there any penalty for late filling of pt return and payment.
Hemant Kumar
(Expert)
11 October 2012
1) Penalty for "late filling of returns" by Employer [Sec. 6(3)]
The authority may impose penalty of ` 300 per return.
2) Penalty for "Non-payment or late payment of tax." by Enrollee/Employer (Sec. 10)
The authority may impose a penalty equal to 10% of the tax due.
3) Interest on late payment of tax. (Sec. 9)
The interest for late payment of tax or any additional demand of tax raised in assessment is 1.25% p.m.
Make sure that even one day late payment attracts interest for whole month.
The authority may impose penalty of ` 300 per return.
2) Penalty for "Non-payment or late payment of tax." by Enrollee/Employer (Sec. 10)
The authority may impose a penalty equal to 10% of the tax due.
3) Interest on late payment of tax. (Sec. 9)
The interest for late payment of tax or any additional demand of tax raised in assessment is 1.25% p.m.
Make sure that even one day late payment attracts interest for whole month.
himanshu vyas
(Querist)
11 October 2012
may impose penalty???? is it not compulsory? should i pay it myself or wait for an notice?
pt for june paid on 10.10.2012? what is amt of interest? pls show calculation also.
pt for june paid on 10.10.2012? what is amt of interest? pls show calculation also.
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