Penalties and Interest Amount of Professional Tax of Companies

Consequences

1. Fails to Get Registration
   • He will be liable to a penalty for the period during which he remains unregistered.
2. Fails to Deposit to the Government/ Late Deposition
   • He will be liable to a penalty for the period during which he remains unregistered.
3. Non-Deposition of Amount.
   • The officials have power to recover such amount along with applicable penalty and interest from the assets of such defaulter. Moreover, they can attach his bank account also. In serious cases, prosecution case also can be filed.