Tds- interest for late filing of tds return

This query is : Resolved

Imran (Querist)
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01 February 2012 One of the our client has received notice for late filing of TDS Return Form 24Q. For which we have to pay Say Rs. 100. Now my doubt is while filling Challan no 281, which section do i quote in Challan? No Doubt, i will fill up that amount in Interest Head, but bank is compulsory asking section code say 194J/I/C etc.

In that Return, we have various challans like 194A/J/C.

Thx.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 February 2012 You may fill up the Section on which highest
interest is charged by the department.
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Small adjustment may be left to the department, as it always try to get adjusted the refunds against demand. In this case also, they will perfectly handle the excess payment paid towards interest under a particular head , against any demands out standing with reference to TDS Interest.