Previous year tax liability

My group had a Mumbai based company which was sold off in Jan 2012. The company never acquired 
professional tax regn and hence never paid any professional tax. Now, after 1.5 years of sale, 
the group has received an email containing the notice from the Dept of Maharashtra for payment 
of the same for the previous 8 years. Though I think that the group is liable since it was the 
conducting the operatons the business during the period of defualt, but still confused a bit. 
Could you please clarify whether the group or the purchaser is liable for the payment of  
professional tax?

Thanks!
Replies (1)

Any deand beyond 1 year is time barred unless extended period of limitation is invoked by the department,in that case it is 5 years.you must have taken over the company with all rights and libiality of the previous company,so you will be liable to pay if the same is not barred by limitation.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 05 August 2026
CA associate

Arun Deepak and Company

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
Featured 04 August 2026
Chartered Accountant

KayOne Consulting

Chennai

CA

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
FOLLOW
US ON