Profession Tax Return Filing
Assistance with registration and periodic filing of profession tax returns for employers, professionals, and business entities as per state laws.
R V K & Associates
We believe in going beyond the fundamentals to provide comprehensive, strategic solutions for your business needs. Our approach involves fostering strong relationships, staying informed about the latest developments, and ensuring that all regulatory requirements are met. Whether you're starting a new venture or managing an established business, we focus on guiding you through complex challenges with a commitment to accuracy, compliance, and long-term success.
Services Details
Profession Tax (PT) is a state-specific tax levied on salaried employees, professionals, and business entities. In Maharashtra and several other states, employers are required to deduct PT from employee salaries and deposit it with the state government. R V K & Associates provides end-to-end support in profession tax registration and return filing, ensuring timely compliance under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975.
Types of Profession Tax Registration:
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PTRC (Professional Tax Registration Certificate): Required by employers for deducting and remitting tax on salaries paid to employees.
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PTEC (Professional Tax Enrollment Certificate): Applicable to professionals, business owners, directors, and partners for payment of tax on their own earnings.
Our Profession Tax Services Include:
1. Registration Services:
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Assessment of registration requirements based on business nature and employee strength
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Application for PTRC and/or PTEC through the Maharashtra GST portal
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Document preparation and submission
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Follow-up and communication with the Profession Tax Department
2. Monthly/Annual Return Filing:
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Monthly return filing for PTRC if employee strength exceeds threshold
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Annual return filing where eligible
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Computation of tax liability and preparation of challans
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Filing returns within the prescribed due dates
3. Payment Assistance:
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Calculation of due taxes under PTEC and PTRC
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Challan generation and online payment assistance
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Ensuring accurate mapping of payments to correct registration numbers
4. Compliance Monitoring and Advisory:
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Monitoring of due dates and changes in profession tax rules
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Advice on applicability of exemptions and thresholds
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Maintenance of compliance records for inspection/audit purposes
5. Rectification and Amendments:
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Filing of revised returns, if required
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Correction of registration details through amendment requests
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Resolution of notices and queries from the department
Regulatory Compliance:
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Adherence to the Maharashtra Profession Tax Act and Rules
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Filing through the official Mahagst.gov.in portal
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Secure handling of login credentials and employee data
Working with R V K & Associates
- Commitment to Excellence: We prioritize delivering solutions that maintain the highest standards of quality and precision.
- Transparency and Integrity: Building trust and maintaining clear, open communication is at the core of our approach.
- Cost Efficiency: Our solutions help reduce operational costs by optimizing resources and minimizing inefficiencies.
- Streamlined Business Operations: By handling key aspects of your business needs, we allow you to focus on your core competencies and growth.
- Compliance Assurance: We ensure your organization remains up-to-date with all regulatory requirements, mitigating risk and ensuring smooth operations.