Interest

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sreenivasan kv (Querist)
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17 November 2013 We have already done the etds filing for our office for the quarter ending june 2013 in time. Now we have received a letter from IT dept to pay a particular amount as interest on late payment of IT ( of a certain employee ). I want to know how to remit the interest and under what section or nature of payment code?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 November 2013 the CHALLAN NO./ITNS 281

while entering amounts, mention it in interest column. thereafter, you may revise the TDS return and submit a copy of the same and the challan to the TDS officer.