Dear All,
one of our company's Resort in Rajasthan not deposited the Luxury Tax for the months April 2011 to November 2011. The Month wise breakup of Luxury tax payable is
| April | 293.1 |
| May | 2629.07 |
| June | 1069.86 |
| July | 2550.35 |
| August | 3205.83 |
| September | 5111.39 |
| October | 3522.87 |
| November | 2646.32 |
Kindly let me know what should be the Interest for late payment and what amount should be deposited along with interest.
Regards
Sushil Sharma
Please Guyz Help
| Originally posted by : sushil | ||
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Dear All, one of our company's Resort in Rajasthan not deposited the Luxury Tax for the months April 2011 to November 2011. The Month wise breakup of Luxury tax payable is April 293.1 May 2629.07 June 1069.86 July 2550.35 August 3205.83 September 5111.39 October 3522.87 November 2646.32 Kindly let me know what should be the Interest for late payment and what amount should be deposited along with interest. Regards Sushil Sharma |
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Dear Mr.Sushil,
First you send the due luxury tax at the earliest by cheque or DD which ever method you adopt..The tax officer will tell you the penalty for the belated payment at the time of completion of assessment.After that you can pay the penalty seperately.You need not wait for all these particulars.The penalty is calculated on the duration of delay.Once the luxury tax is paid your burden is over.
Good Luck
Natarajan
CAclubindia
