rate of interest/penalty for non payment professional tax in karnatka
This query is : Open
Somashekharreddy BN
(Querist)
11 January 2017
dear experts,
rate of interest/penalty for non payment professional tax in karnatka.
CA Suresh Jain
(Expert)
11 January 2017
1. liable to pay simple interest at one and a quarter per cent of the amount of the tax due for each month or part thereof for the period for which the tax remains unpaid.
2. Liable to pay a penalty not exceeding fifty per cent of the amount of tax due.
This penalty shall be in addition to the interest payable .
2. Liable to pay a penalty not exceeding fifty per cent of the amount of tax due.
This penalty shall be in addition to the interest payable .
Somashekharreddy BN
(Querist)
12 January 2017
thank you..
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