Accounting Code for Penalty

This query is : Resolved

CA AJAY KUMAR PUROHIT (Querist)
Follow

01 February 2011 Dear Friends,

I want to know the accounting code for penalty under late filling return. is it possible to make payment online of above penalty?

your early reply will be appriciable to me.

Thanks

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

01 February 2011 link is:-

http://www.simpletaxindia.org/2010/07/service-tax-accounting-codes-new.html

CA AJAY KUMAR PUROHIT

CA AJAY KUMAR PUROHIT (Querist)
Follow

01 February 2011 My dear friend,

Still it is not cleared.

Upgrade to CAclubindia Pro. Subscribe Now!

CA.Hanumantha Reddy

CA.Hanumantha Reddy (Expert)
Follow

01 February 2011 the penalty code is Other receipts. i.e. if Works contract - accounting code is 00440410(called as tax collection code), for penalty - 00440411 (this is called as other receipts)

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

02 February 2011 thankyou readdy JI for enlighten on the matter.

mr. purohit ji,

i means that if you BUSINESS AUXILIARY tax code will be : 00440225 and
penalty code will be :-00440226

it is clear in above said link.