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Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
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Answer / shafi
Now you are going registration there will be a 1.25%per
month int rest and for each return you have to pay Rs-250 as
a delay in filing the return from 7 years and also you have
to pay firm professional tax for every year
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