Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2014
How can we discharge liability (demand )rised by department for late payment of TDS.

Please Send the procedure for deposit the same.

Regards
Mukesh

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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14 January 2014 You can deposit the tax (short deduction), late fee and interest through a new challan No ITNS 281.
.
Type of paymetn to be indicated as 400.
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Relevant TDS code to be selected on the basis of demand raised by the department or select the code under which short TDS demand is payable.
.
http://law.incometaxindia.gov.in/dittaxmann/incometaxrules/pdf/challanitns-281.pdf