Karunakar (ACCOUNTS OFFICER IN TATA PROJECTS LTD.) (73 Points)
24 July 2013I have got a notice of "INTIMATION U/S 200A OF THE INCOME TAX ACT, 1961" regarding interest on late payment of TCS. Plese let me know in which "Type of Pament" has to be made in Challan No. 281 as per below two option given.
1. (200)TDS/TCS Payable by Taxpayer
2. (400)TDS/TCS Regular Assessment (Raised by I.T. Deptt.)
Thanks
Gowtham
(Student CA IPC / IPCC)
(119 Points)
Replied 24 July 2013
2 one raised by income tax department
CA vinod
(Chartered Accountant)
(518 Points)
Replied 24 July 2013
Go by 2nd option i.e TDS/TCS Regular Assessment(Raised by I.T.Deptt.) (400)
Sarita
(article)
(109 Points)
Replied 24 July 2013
But in the same case interest is charged & Default also can we prepare a challan for Default & Differential amount of Interest for this .Is it ok or not
SREEPAL REDDY GURRALA
(EXECUTIVE)
(38 Points)
Replied 24 July 2013
you can chose option 2. (400)TDS/TCS Regular Assessment (Raised by I.T. Deptt.)
Sarita
(article)
(109 Points)
Replied 24 July 2013
plz show me the format for diz challan asap Thanks in advance
Karunakar
(ACCOUNTS OFFICER IN TATA PROJECTS LTD.)
(73 Points)
Replied 24 July 2013
Challan no. is same as we deposit TDS, Challan No. 281. But you have to fill code as 400 in Type of Payment.
SAURABH CHANDRA AGARWAL
(Director IT)
(21 Points)
Replied 03 April 2015
While filling the online Challan 281,What to choose for "NAture of Payment" ? This is drop down menu and no relevent option is available to pay as reply to intimation u/s 200A , U/S156 and 234E
Ajay Kumar
(Deputy Manager-Finance)
(26 Points)
Replied 12 May 2016
Hi,
I am an individual & got an Intimation from ITD Regarding default u/s 200a, which falls under TDS Default. Now being a individual i'm not having any Tan number, but had an transaction in previous year, wherein a builder have deducted property tax u/s 194IA on purchase of property. Now I fail to understand why an how did i get the notice regarding demand in TDS Default & how can i get the rectification filed in 26QB.
Do i need to ask to deductor to revise the return, because default being happned at thier end. please help.
Daerk Knight
(1 Points)
Replied 21 May 2016
The demand is created on your PAN because the builder did not deposit the TDS they deducted from you under your PAN to the IT department on time. Which is why the demand has come to you. If the amount is not much I would recommend you to pay and move on. No point in fighting with the builder on this front.
To pay the demand you can use the demand payment link provided within the demand letter.
Ithink 26QB needs to be filed if you want a correction to be made to your TDS. I'm not sure about that bit though.
Ajay Kumar
(Deputy Manager-Finance)
(26 Points)
Replied 23 May 2016
Hi,
Demand is huge, we were supposed to deduct the TDS u/s 194IA based on construction linked plan, but wasn't able to deduct the same as threshold to deduct the same was 50 lacs, but when it reaches to threshold we withhold the amount & subsequenly deposited the same to govt, & 26QB also filed.
Now interest have been calculated from the very fist day when agreement done with builder, please suggest if demand could be rectified or minimise, or if 26QB also can be rectified.
Thanks
Sonia Dubey
(CFO)
(21 Points)
Replied 04 September 2016
Did you get your answer? I am stuck at the same situation as yours
CAclubindia
