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Fee or interest

02 December 2018

The challan self assessed tax is lesser than the amount required to be paid in that case which one will be adjusted first

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 02 December 2018

Can You elaborate More....?!

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Uday Rathi (133 Points)
Replied 02 December 2018

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

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 02 December 2018

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....

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