Professional tax return periodicity
This query is : Resolved
shalaka shekhar rao
(Querist)
12 June 2013
Dear Sir/ Madam,
Our Companies Professional Tax liability is more than Rs.50,000/-. Hence our return periodicity is monthly.
My query is that whether we have to filed both return monthly and quarterly or monthly or yearly.
Thanking you,
Our Companies Professional Tax liability is more than Rs.50,000/-. Hence our return periodicity is monthly.
My query is that whether we have to filed both return monthly and quarterly or monthly or yearly.
Thanking you,
CMA Ramesh Krishnan
(Expert)
12 June 2013
It depends on your state PT act. if karnataka it is monthly return only. no quarterly return
shalaka shekhar rao
(Querist)
13 June 2013
Respected Sir,
Sorry, I did not mentioned the state. Our Company is register in Maharashtra.
So please guide me as per applicabilty of PT in Maharashtra.
Thanking you,
Best Regards
Sorry, I did not mentioned the state. Our Company is register in Maharashtra.
So please guide me as per applicabilty of PT in Maharashtra.
Thanking you,
Best Regards
CMA Ramesh Krishnan
(Expert)
13 June 2013
Maharastra Professional tax return need to file as
Annual Profession Tax Liability less than Rs. 5000 - Annual Return.
Annual Profession Tax Liability more than Rs. 5000 but less than Rs. 20000 - Quarterly Returns.
Annual Profession Tax Liability more than Rs. 20000 - Monthly Returns
E-payment & E-Return is mandatory
Annual Profession Tax Liability less than Rs. 5000 - Annual Return.
Annual Profession Tax Liability more than Rs. 5000 but less than Rs. 20000 - Quarterly Returns.
Annual Profession Tax Liability more than Rs. 20000 - Monthly Returns
E-payment & E-Return is mandatory
Message likes :
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06 March 2015
Maha PT Annual Return Due date 31st March, Payment should via payment through GRAS
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