The Nagaland Professions, Trades Callings & Employments Taxation (Amendment) Act, 2001

The Nagaland Professions, Trades Callings & Employments Taxation (Amendment) Act, 2001. (Act No. 5 of 2001).

Received the assent of the Governor of Nagaland on 26/03/2001 and

published in the Nagaland Gazette Extraordinary dated: 11th of April, 2001. An -Act -

Whereas circumstances exists which render it necessary to amend the Nagaland Profession, Trades, Callings and Employments Taxation Act, 1968 (Act No. 4 0f 1968) for the purpose and in the manner hereinafter appearing; it is hereby enacted in the 52" year of the Republic of India as follows:-

This Act may be called the Nagaland Professions, Trades, Callings and Employments Taxation (Amendment) Act, 2001. ii. Itshall extend to the whole State of Nagaland. iii.

Substitutionin Section 2 (a) :- In Section 2 (a) the word “Superintendent” shall be substituted by the word “Assessing Officer”.

A new Section, namely, section 9 A shall be inserted as under

Section 9 A : The assessing authority shall assign an account number to each

assessee who is liable to pay the tax under this Act in the manner as may be

prescribed by the Commissioner.

Sub-section (2) of section 20 shall be substituted as follows:

Section 20 (2) :- Where a person is in default of any amount of tax payable

under this Act, he shall be liable to pay a penalty equal to the tax due and a

simple interest @ 15% on the amount of tax payable.