Tds late fine

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2013 Sir/Madam,

Whether tax deduction code (suppose 194J or 194C) is mandatory to fill up in the challan page of Qtr. return of TDS(correction file) if only late fine is charged by the Income Tax Authority.

or

Just put the interest amount to the challan page leaving deduction code unfilled.

and whether Bank will receive the challan under 400 (assessment raised by I.T.)without having any code 194C,194J or any other else in the challan.

Please reply.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 November 2013 While making the payment of Interest Demand,
you may mention any of the sections under which TDS was deposited earlier and mentioned in the concerned e-tds return. You must tick in challan the code as 400.
.