Penalty 271 c

Challan 280 needs to be filed and amount needs to be filed in the penalty column. Cash can also be deposited in bank accepting direct tax payments. You can apply to the ITO for grating time for payment of penalty or allowing paying of penalty in installments.

Also Penalty u/s 221 cannot be levied for non-payment of penalty - No penalty can be imposed for non-payment of penalty, since the definition of ‘tax’ does not include ‘penalty’ - Chhotey Lal  v. ITO [1968] 69 ITR 709 (All.)

Hi Aditya,

Thank you very much for your fast reply.  Appreciate it.  Another confusion while filling challan 280 I am having is

1. What do I have to click over here

Tax Applicable (Tick One)*                   
(0020) INCOME-TAX  ON COMPANIES                 `   
(CORPORATION TAX)                   
(0021) INCOME TAX (OTHER THAN                   
 

2.

Also do I have to deposit any other documents with the challan apart from the photocopy of my Pan card.

Anyinput...on this......Please assist.

Thanks again and again.

Tick

1. (0021) INCOME TAX (OTHER THAN  COMPANIES)

2. Tax on Regular Assessment (400)

3. The BSR code will be affixed by the bank where you are going to pay the tax.

Only copy of PAN card required as they are insisted upon by some of the bankes.

Aditya ji,

Bahut Bahut dhanyavad.....

God Bless you and all the team members of caclubindia.com in helping me.

Tons of thanks again.

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nice info