Profession tax
This query is : Resolved
divya barola
(Querist)
02 July 2013
There are Two directors in a company. The company got incorporated in 2001 and since than no Profession tax has been paid on remuneration of Directors though payment of Profession Tax on payment to Employees had been made.
The company has now paid the entire liability of PT since 2001 but has not paid Interest @ 1.25%pm.
What are the chances of getting a notice from the department for the Interest?
The company has now paid the entire liability of PT since 2001 but has not paid Interest @ 1.25%pm.
What are the chances of getting a notice from the department for the Interest?
CA CS Pawan Jajoo
(Expert)
05 July 2013
No need to pay tax from 2001 for unregistered dealer. For unregistered dealer tax for only last 8 years is to paid with interest.
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