I WOULD LIKE TO PAY INTEREST ON LATE PAYMENT OF TDS BUT IN CHALLAN 281 I M NOT ABLE TO SELECT SECTION 201 WHICH IS RELATE TO LATE PAYMENT OF TDS.
PLS SUGGEST ME-- WHICH SECTION I WILL SELECT FOR AND HOW TO PAY..........
Section 201 speaks about late payment for which one has to pay interest at 18% p.a
there is no necessisity to select section
In challan if you mention interest that itself depicts that you have made delayed payment
I M IN RECEIPT OF NOTICE FROM INCOME TAX DEPARTMENT FOR PAYMENT OF INTEREST ON LATE PAYMENT OF TDS FOR LAST YEAR... FOR Q4 FOR F.Y. 10/11.
IN ONLINE PAYMENT SELECTION OF SECTION IS MANDATORY AS WRITEN IN CHALLAN 281 E.G. * MARKED...