ITR filling
hello, I am filling my ITR but there is problem, my income tax come out Rs.11755/- but deducted from my income Rs.10300/-. I was trying to pay the remaining Rs.1455/- but there is a section asking for penalty code 11C and N11C. The last date to file the ITR is extended upto 05.08.2016 how it comes under penalty and what is meaning of penalty code 11C and N11C and an salaried tax payer comes under which category. What should I write. Kindly help.
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type N11C and there is no penalty for such small amounts. Based on the dates tax is paid the IT return itself will indicate penal interest if any
Aug 04
There is no penalty . Simply fill Income tax challan 280 and pay self assessment tax (code 300) for 1455 ( Income tax Rs 1411 and Education cess Rs 44 ) on any major bank site . Fill the data in ITR under section tax paid and file
Aug 04
This penalty & interest are due on account of delay in depositing tax on due dates depending on the actual date of payment of Income earned, to you. The taxes should have been deposited on respective dues dates on estimation basis and not at the time of filing ITR.
Aug 04
Mr. Goel , by cliking on the code does not mean you are paying penulty on tax due as the due date is still not over . It is just u have click in the challan as per ITD directive to the Banks.
Aug 04
