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.
My dear friend,
Still it is not cleared.
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)
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.