https://www.taxtmi.com/highlights?id=75602 Levy of interest on delayed payment of profession tax - The High Court found that the Act and the Rules clearly indicated that the profession tax should be deducted and paid on a monthly basis. Even in the absence of a specific date men tioned before the 2011 amendment, the payment and filing of returns were to be done by the last day of the succeeding month. - The Court dismissed the petitioner's argument that there was no prescribed time limit for payment of tax and filing of returns. The Court upheld the revisional authority's order, confirming that there was a liability to pay interest for delayed payment of profession tax. en-us Tue, 12 Mar 2024 08:54:05 +0530 Tue, 12 Mar 2024 08:54:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75602 Levy of interest on delayed payment of profession tax - The High Court found that the Act and the Rules clearly indicated that the profession tax should be deducted and paid on a monthly basis. Even in the absence of a specific date men tioned before the 2011 amendment, the payment and filing of returns were to be done by the last day of the succeeding month. - The Court dismissed the petitioner's argument that there was no prescribed time limit for payment of tax and filing of returns. The Court upheld the revisional authority's order, confirming that there was a liability to pay interest for delayed payment of profession tax. Highlights VAT and Sales Tax Tue, 12 Mar 2024 08:54:05 +0530 https://www.taxtmi.com/highlights?id=75602