WebSep 12, 2024 · Code which code i select for 234 f penalty kindly advise. RAJA P M (Expert) Follow. 12 September 2024 Code 11C is for Penalty Order u/s 271 (1) (c) and N11C is for Order Other than u/s 271 (1) (c). And u/s 271 (1) (c), Penalty is for concealment of particulars of income or furnishing inaccurate particulars of income... WebFeb 2, 2024 · The penalty provisions of section 271C of the Income Tax Act, 1961, comes into the picture only when the deductor either fails to deduct the TDS or fails to deposit the same within the prescribed time limit. The present article explains the applicability of provisions of section 271C; summarizes the relevant due dates; the amount of penalty ...
Penalty 234f [Resolved] Income Tax - CAclubindia
WebOct 17, 2014 · In the next page you will be asked to enter the Demand amount. You may find different options like income tax, surcharge, Education cess, Interest, Penalty and Others. To find out the type of demand you can check the Intimation document. The below image is an example of demand notice for “Interest” payable. WebJan 20, 2024 · Section 140A of the Income Tax Act covers the provisions relating to the payment of self-assessment tax. Whereas, section 140A (3) of the Income Tax Act deals with the penalty for non-payment of self-assessment tax. As per section 140A (3), if the taxpayer fails to pay the self-assessment tax (either wholly or partly) or interest or fee, … indifference mood
Section 234F -Fee (Penalty) for delay in filing Income-tax return
WebJul 26, 2024 · Difference between penalty code 11c and n11c. There are various codes provided by the income tax department for payment. They are usually used as some sort … Webpenalty cannot exceed the amount of tax in arrears. Thus, penalty under section 221(1) is a general penalty and can be levied in all the cases in which the taxpayer is treated as an assessee in default. Before charging penalty as discussed above, the tax authorities shall give the taxpayer a reasonable opportunity of being heard. WebJan 6, 2016 · plz help. kavitha (studying final) (830 Points) Replied 03 January 2013. Fill Type of payment code for which u did not pay interest ( like 94 c, p4j) Tick- TDS/TCS Regular Assessment (Raised by I.T. Deptt.) (400), this code is to account your payment raised by it department. fill interest column 530/-. that is enough, no penalty codes are required. indifference marriage