professional tax

Profession Tax Enrolment Amnesty Scheme 2016– A one time relief

Dear Sir/Madam,

We are providing various taxation consultation at Vision Consultancy. Government of Maharashtra has introduced Professional Tax Amnesty Scheme under which an unregistered person can get enrolled by just paying last 3 years tax and entire interest, penalty and tax for the prior period will be waived.

Brief details are given below. You may please feel free to contact us for any further information required about the same.

Regards,

Vision Consultancy

“Shree Parshwa”,138/2, E- Ward,

Near Swaminarayan Mandir,

Behind IDBI Bank,

Assembly Road, Kolhapur-416001.

Landline Number- 0231-2656520

Cell No – 8624892442, 9422620771

Email ID – visionconsultancy01@gmail.com

* Profession Tax Enrolment Amnesty Scheme 2016– A one time relief *

 The Maharashtra government has introduce Scheme for professionals and self-employed who has not enrolled for Professional Tax and not paid any Professional Tax (PT) till date. Government send usually notice to all those who are liable to pay professional tax and make them pay Professional Tax for 8 years with interest and penalty. To give one time relief to all government has introduced amnesty scheme. This scheme is applicable only to the unregistered persons as on 1-4-2016, those who are already registered before 1-4-2016 cannot avail the scheme

   1.Professional Tax Applicability

Professional Tax is applicable for all professional like Chartered Accountant, Doctors, Lawyers, Architecture, Interior Designer, Shopkeepers, etc. It is also applicable for Directors of Company , Partners of LLP and Partnership. However in case of multiple business PT has to be paid only once and also person above age of 65 are not liable to pay PT.

   2. Benefit under Scheme

Profession tax and related interest in respect of periods prior to 01/04/2013 will be waived in full, if enrollment certificate is obtained during amnesty period. Penalty u/s 5(5) for late enrolment will not be imposed against who obtain enrollment certificate under this scheme.

I.e. persons who opt for amnesty scheme will have to pay tax for previous three years only.

 

Table explaining benefit of the scheme –

Particulars Liability Without Amnesty Scheme Liability with Amnesty Scheme
Professional Tax Rs. 2500 * 8 = Rs. 20,000/- Rs. 2500 * 3 = Rs. 7,500/-
Interest   Rs. 12,000/-              Nil
Penalty   **      Rs. 5844//-              Nil
Total Liability     **       Rs. 37,844/-          Rs. 7,500/-

** Approximately

Amnesty scheme can be opted only till 30th September, 2016

For Further consultation and compliance please contact

Vision Consultancy

“Shree Parshwa”,138/2, E- Ward,

Near Swaminarayan Mandir,

Behind IDBI Bank,

Assembly Road, Kolhapur-416001.

Landline Number- 0231-2656520

Cell No – 8624892442, 9422620771

Email ID – visionconsultancy01@gmail.com

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