02 January 2009
The date of deposit of TDS is beyond the due dates. But no interest was paid at that time.
If at the end of the financial year total interest payable is computed and a separate challan (Form 281, showing only interest) is filled up for the interest part, is it correct way to do so. Will the banks or the net banking facility accept such challans? If the answer is affirmative, how to file the E-tds return for the last quarter?
What is the solution if the banks dosen't accept such challans. How to pay the interest part later to avoid disallowance for tax audit purpose?
CAclubindia
