Ours is a partnership firm duly converted to Private company and now a PVT ltd company. This change was done 1998.
From 1998 we have been deducting Profession tax from the salary of staffs and has been paying both empoyer contribution, employee contribution in to bank regularly. We have challan copies from 2005 only. But unfortunately, we have not filed the yearly returns from 1998 to till date.
Department is now asking for this or else, out of the way settlemtn they are asking some BIG favour. Pl advice what is the penalty for this and what is to procudure to set the things right.