15 December 2010
Dear Sir i received a letter concerned with late payment of TDS, which attract the interest charged u/s 201(1)/206C(7). my question is that which form is used to deposit the such interest if i use Challan - 281 on that condition what will be the code of such interest, actually such interest is charged of code 194 C.
15 December 2010
YOU SHOULD USE CHALLAN ITNS 281 ONLY FOR ANY PAYMENT OF TDS WHETHER INTEREST OR PRINCIPAL TDS PAYMENT. USE CODE 194C ONLY FOR PAYMENT ON INTEREST ON TDS FOR CONTRACTOR.