As per notification from Commissioner of Professional Tax, Maharashtra State, dated 26th November, 2010, entities that are having employees professional tax liability above 20,000/- during the year have to file electronic return in Form-IIIB online from February, 2011. Payment had to be made on MTR - 6 challan.
We have made following mistakes.
1. PT has been paid in time old challan format upto March, 2011
What is the remedy ? Is penalty condoned ? if not how much is the penalty payable ?
2. We have paid the taxes in time but not filed electronic returns till date. Is penalty condoned ? if not how much is the penalty payable ?
Kindly advice.
thanks and regards,
Valerian D'souza
CAclubindia
