Categories
Pagination Scroll
Akhilesh

Category : PENALTY..,
Unsolved
Hi Sir,
My TDS deduction is more than the sum of the total Tax and penalty amount for late filing of ITR 1. Do I still need to pay the challan of Rs.1000 separately against the penalty?
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
The return will itself calculate tax based on tax liabilities interest and any penalty applicable due to late filing ...say it is 100 Rs ...say TDS deducted is more than this i.e say 200 Rs , then you will not need to pay any further amount and shall qualify for refund of the excess amount already...
Ronnie Sahani

Category : PENALTY..,
Solved
Hello Sir, thanks for your tutorials that made us possible to file ITR through our self. With your tutorial video's I successfully filled my father ITR before due date.
Now I was given to file ITR on behalf of my father colleagues & Relatives after the due date & they are entitle to pay the late fees...
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Taxpayer can use other person debit card to pat tax liability ...only care to be taken care is that you fill pan card of the assessee so that the paid taxes go to his/her credit and not your own ...i paid my mothers tax using my netbanking ...i dunno who spreads such stupid things ...anyways now tha...
Ronnie Sahani
Thanks Sir, What Penalty payment code should I select from (11c or N11c) at the time of making payment. Can you tell me.
Sanjib Basak

Category : Penalty ..,
Solved
Sir
A taxable payer income less than Rs 250000 lakh. He want to ITR 1 file for FY 17-18. He will file return after due date, then penalty is applicable or not?
  • Show Placeholder
  • Hide Discussion
Amlan Dutta
Actually, i think you refer to the late fee penalty (5000 Rs)under 234 F ...Note that persons for whom the gross total income is below threshold level , there is no late fee penalty ...best way to yourself figure out such things practically is fill up the return and determine the taxes computed by t...