Profession tax returns (PTRC) amnesty scheme
Update as on 02/05/2022:
** File all your pending Profession Tax returns for periods up to March 2022 without late fee before 31st May 2022 :: Read here latest PTRC amnesty scheme
Enjoy benefit of late fee waiver. File all your pending Profession Tax returns for periods up to December 2021** without late fee by 31st March 2022 only by paying Tax and Interest.
Maharashtra Government vide Notification No. No. PFT.1222/CR-3/Taxation-3 dated 25th February 2022 amended the Government
Notification, Finance Department, No. PFT.2014/CR-38/Taxation-3, dated the 21st August 2014 and has waived late fees for filing PTRC return for PTRC taxpayers who could not upload PTRC returns due to Covid-19.
Notification, Finance Department, No. PFT.2014/CR-38/Taxation-3, dated the 21st August 2014 and has waived late fees for filing PTRC return for PTRC taxpayers who could not upload PTRC returns due to Covid-19.
Summary of the notification for Profession Tax returns late fee waiver:
1. Late fee waiver is for any tax period up to December 2021.
2. Taxpayer must file pending PTRC returns on or before 31st March 2022 to avail benefit of PTRC amnesty.
3. Only late fees has been waived taxpayer needs to pay Tax along with interest before availing benefit of PTRC amnesty scheme.
What is the late fees payable for filing PTRC returns after due date?
If an employer failed to file PTRC returns within prescribed due date, he shall pay by way of late fees amount of :
- Rs. 200/- for first 30 days of delay after the due date;
- Rs. 1,000/- thereafter
Here is the notification for PTRC due date extension and late fee waiver
Maharashtra Profession tax rates 2021-2022: Read here
First PTRC return in case of newly incorporated companies: Read here