17 March 2020
Suppose a person having more than Rs.5 lakh total income pay excess tax of Rs.2000/- and fails to file Return and now in March he will file return with a late payment fee of Rs.10000/- u/s234F. Now my Quest is in ITR e-filing portal it shows balance liability of Rs.8000/- (after adjusting Rs.2000/- excess tax paid). Now Rs.8000/- which head pay??? wether basic tax or others? please tell me how to prepare challan for Rs.8000/- under what head Rs.8000/- late payment fee to be shown?
CAclubindia
