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TDS interest form selection

Radhanath Parida (Article Assistant) (149 Points)

27 February 2020

Interest for late payment of TDS is demanded by department.

Which code (200 or 400 ) of challan 281 will be used for payment ???

Please help...

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 27 February 2020

Select the option of regular assessment...

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Radhanath Parida (Article Assistant) (149 Points)
Replied 27 February 2020

@ Raja Would you kindly say which section will be selected for nature of payment

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 February 2020

You can select option for the previous TDS deducted head...
Also check out the section in traces portal under message Inbox...

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Mohanraj J (1178 Points)
Replied 28 February 2020

Late payment of TDS based on the respective section under code 400.

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 28 February 2020

Generally Tds payment will be under 200 code (Tds /TCS Payable by tax per).

But if you get notice from dept and interest,late fee, even shortage of Tds if any demanded by department then you must use the code 400(Tds/TCS regular assessment-Raised by IT dept)