Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 New Income Tax Act: ITR forms to be issued prior to FY28, says govt
 GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)
 Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this
 The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:
 ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025
 ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck
 Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?
 Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy
 Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief
 Digital Efficiency for MSMEs: The Tally Prime Advantage
 5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups

Amnesty scheme for tax-evaders
March, 23rd 2007

The Maharashtra Budget announced on Thursday has offered an amnesty scheme for those who avoid paying profession tax. Taking note of substantial arrears of such tax, penalty and interest, Mr Patil thought of offering some concessions to recover part of it.

I am of the opinion that if some concessions are given towards these, significant arrears can be recovered, Mr Patil said while proposing to introduce the amnesty scheme. The unregistered professionals and employers will also be eligible to claim benefits of this scheme.

If they pay the due amount in respect of periods starting on or after April 1, 2002, then they will be exempted from any demand relating to earlier periods, Mr Patil said. The details of the scheme are to be released later.

He acknowledged that the number of unregistered tax payers is too large to ignore. With a view to identifying, registering and making the defaulters pay the tax, Mr Patil announced a plan to undertake a comprehensive state-wide survey from October 1 this year. He also promised to create new posts under the proposed survey.

If the unregistered taxpayers or employers register themselves before the commencement of the survey, they will be given relief under the proposed amnesty scheme, Mr Patil made it clear.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting