The Punjab State Government has extended the last date of filing professional returns to June 30th, 2019.
The president of Punjab Tax Bar Association, Ashok Juneja reportedly said that “The Punjab government has imposed a new tax called the Punjab State Development Tax Act 2018 (PSDTA). This act came into effect on April 19 last year, by virtue of which several classes of people have to pay Punjab State Development Tax”.
“All such persons whose taxable income comes under the head ‘income from salaries, business, profession and/or wages’, as per the Income Tax Act 1961, are liable to pay Rs200 per month as professional tax. The last date for filing the annual PSDTA return has been extended to June 30, he added”.
