Question

N11c includes self assesment tax?

Answer 1

Explanation:

Code 11C is for Penalty Order u/s 271(1) (c) and N11C is for Order Other than u/s 271(1) (c). And u/s 271(1)(c), Penalty is for concealment of particulars of income or furnishing inaccurate particulars of income. And the amount of penalty will be : Minimum 100% or Max 300% of the Tax sought to be evaded.