late fees paid under penalty head. is any option for shift this amount under correct head?
4 Replies
Kunal Pansari
(Accountant)
(1037 Points)
Replied 22 November 2017
No. You need to pay the tax again under the correct head
AALOK PRASAD SAH
(Student CA IPC / IPCC)
(22 Points)
Replied 22 November 2017
you are required to pay under correct head and you can claim refund of earlier amount paid under wrong head
Recent Topics
- INCOME TAX NOTICE for claiming deduction and verif
- Nature of business activities -GST
- Professional Tax Karnatak in case of Ecommerce sel
- Sale less than Stamp duty value
- 10F form can be submitted for the F.Y. 2025-26 now
- ITC wrongly availed
- Buyout reimbursement
- Hra exemption for jointly owned flat
- More than two houses self occupied
- CA with part time COP joining family business - Pr
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
