Question

Difference between penalty code 11c and n11c

Answer 1

There are various codes provided by the income tax department for payment. They are usually used as some sort of account numbers mainly to determine penalties under different sections of the Income Tax Act.
The codes can be defined as:

Code 11c :

It states that all penalties under section 271(1)(c) will be deposited in this. Now under section 271(1)(c), the income tax department has full rights to levy the tax from any individual, group or company which it feels have hided or given wrong information their personal or professional income from the department. 

Code N11c:

Under this code all penalties other than stated in code 271(1)c will be levied through this.