Shivshankar (a c.a student) (229 Points)
13 August 2009In a company there are 10 employees and each one are getting salary more than Rs.5000/- but the company is not P.Tax registered ,so is it compulsory for the company to be P.tax registered and deduct p.tax from salary of employee?????
and if not what penalty may be fined on company?
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 14 August 2009
'P.tax registered'........???????means?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 May 2011
yes, the company has to get registered with P tax, deduct p tax of employees and pay to department, and submit returns.
ENALTIES
The Profession Tax Act provides for imposition of penalty in different cases.
Some of such cases are: -
Wilful failure to apply for registration/enrolment within time.
Deliberately giving false information in the application for registration/enrolment.
Failure to pay tax within time.
Failure to file return within time.
Failure to pay tax within time fixed in a notice of demand.
Wilful failure to maintain books of accounts and records.
PROSECUTION
In respect of certain offences, the law on Profession Tax in West Bengal provides for prosecution. Such offences are:
Failure to furnish return by a registered employer.
Failure to pay tax by an enrolled person.
Furnishing incorrect information in a return.
Furnishing incorrect information in an appendage in Form IX.
Failure to produce and explain records and books of accounts for inspection as required by an authority under the law.
Negligence or refusal to provide information as required under the law.
Such offences are cognizable and bailable. They are punishable with simple imprisonment or fine or both.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 May 2011
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