Posted by & filed under Profession Tax- Maharashtra.

Amendment of section 8 of Mah.XVI of 1975

Maharashtra Govt has made an Amendment in PTEC ( Profession tax of Employer ) @ Rs 2500 Per Year as per earlier it was 30th June of the said Year now it has been changed to 31st March of the Year necessary section as mentioned below

In section 8 of the Profession Tax Act, for sub-section (2), the following sub-section shall be substituted, namely:—
“ (2) The amount of tax due from an enrolled person, as specified in his enrolment certificate, shall be paid for each year on or before the 31st March of the said year: Provided that, in respect of the person who is enrolled and the rate of tax at which he is liable to pay tax is revised, then such revised tax shall be paid on or before the 31st March of the year in which the rates are revised. ”.

In section 9 of the Profession Tax Act, after sub-section (3), the following sub-section shall be inserted, namely:—
“(3A) If a person, liable to get enrolled, fails to apply for a certificate of enrolment within the period specified under this Act, he shall be liable to pay simple interest at the rate of 1.25 percent. per month or part thereof of the amount of tax payable, from the 1st July of that year, till the date of payment of such tax, in addition to the amount of tax payable in respect of the year, for which he has remained unenrolled. ”.

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