Tds

This query is : Resolved 
 

(Querist) 06 August 2011

DEAR SIR,


IN FORM 281 (TDS PAYMENT CHALLAN) WHAT IS TDS/TCS PAYABLE BY TAXPAYER(200) & TDS/TCS REGULAR ASSESSMENT(400) ?. WHAT IS THE DIFFERENCE BETWEEN THESE TWO. WHAT IS THAT CODES (200 & 400). KINDLY TELL ME.


CA Aditya Goel (Expert) 06 August 2011

Code 200 means you are paying the tax yourself
and code 400 implies that you are paying the tax on order of Dept.

CA Manish Agrawal (Expert) 07 August 2011

I agree With Expert..!! only Diff. between (200) and Code (400) is that Whenever you pay TDS as a Deductor by your Own Judgement it will be (200)... and When, In response to Demand raised by department through Notice/ Assessment Order/Demand etc. you have to select(400).



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