Fee or interest

190 views 3 replies
The challan self assessed tax is lesser than the amount required to be paid in that case which one will be adjusted first
Replies (3)
Can You elaborate More....?!
I have tax liability of Rs 60000
Out of which Rs 30000 is tax amount
Rs 10000 is fee under Section 234F
and Rs 20000 is fee under Section 234A/B/C

Now i have raised a challan of Rs 15,000 how would this be allocated
1. Are You paid the Challan....? or
2. Are You will pay now and confirm before that...?

** You can pay the Challan
Rs. 30k under Tax amount.
Rs. 30k under interest head or Rs 20k under interest & 10k under others....



* In case You paid it fully understand tax head then no need to worry about that. You can split as per your requirements....


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register