I have to submit form 112 with penalty but i am not know the method of penalty payment...by draft or cash? and if by draft than on which name?
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Form 112 query
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YOU SHOULD MAKE PAYMENT BY DRAFT ON THE FOLLOWING NAME :-
"THE SECRETARY, THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA" PAYABLE AT.......................(ACCORDING TO REGION) ALONGWITH CONDONATION LETTER..
You need to file 112 only if you are doing articleship.
And the amount of penalty is determined by ICAI
how can u predict that amount ...
you can check this link for further clarafication ...
https://www.icai.org/post.html?post_id=137
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