20 June 2022
Dear Experts, Please guide on below mentioned issue. I didn't file my ITR for FY 2020-21 and now I want to file the same. My income is more than 5 Lakh and as much I know Penalty of Rs. 5000/- on belated return will have to pay. Here, my question is whether late filling penalty to be paid in cash only or the same can be adjusted against available TDS. As there is Rs. 27300/- TDS available in FY 2020-21.
CAclubindia
