Common Questions
Most Popular Questions
Professional Tax Return Filing is the process of submitting details of professional tax deducted from employees' salaries and employer contributions to the respective state tax authorities.
Employers and professionals engaged in specified professions or trades, such as doctors, lawyers, consultants, and freelancers, are required to file Professional Tax Returns.
The due dates for Professional Tax Return Filing vary from state to state, with most states requiring monthly or annual filing within the prescribed deadlines.
Yes, Professional Tax Returns can be filed online through the respective state tax department's portal, providing convenience, efficiency, and transparency in the filing process.
Documents such as employee details, salary statements, Professional Tax deduction details, and challans for payment of Professional Tax dues are needed for filing.
Late filing attracts penalties and interest charges, and in extreme cases, legal action
Yes, you must still file a return to claim any exemptions or deductions you may be entitled to.
Incorrect Professional Tax Return Filing may lead to penalties, fines, and other legal consequences, besides affecting employees' Professional Tax liabilities and entitlements.
Yes, employers and professionals can revise their Professional Tax Returns within the prescribed time limit if they discover any errors or omissions in the original filing.
CompanyAvenue Advisory provides expert assistance for Professional Tax Return Filing, including preparation of returns, compliance with Professional Tax laws, reconciliation of data, and liaison with state tax authorities.
Outsourcing Professional Tax Return Filing to CompanyAvenue Advisory ensures accuracy, compliance, timely filing, and expert support, relieving employers and professionals from the administrative burden and ensuring smooth tax management.
CompanyAvenue Advisory provides expert assistance for Professional Tax Return Filing, including preparation of returns, compliance with Professional Tax laws, reconciliation of data, and liaison with state tax authorities, ensuring accurate and timely filing.
Absolutely! CAA offers comprehensive support for PT return filing, including:
* Eligibility assessment
* Form selection and completion
* Document verification and collection
* E-filing assistance
* Error identification and correction
* Follow-up with tax authorities
