Tds

This query is : Resolved

SHYAMLAL KAYYARUVATH (Querist)
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05 June 2012 Dear sir,

We cut the tds on carriage and paying under 94c.In which type of payment should I click at the time of e-payment.There is two option to click.
1.(200)TDS/TCS Payable by tax payer.
2.(400)TDS/TCS Regular assesment(Raised by I.T dept.)

Please explain what is the difference between them.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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05 June 2012 You have to select 200.

200 is used when the assessee is voluntarily depositing TDS thereby complying with the provisions of law.

400 is used when a notice is issued by the department and demand is raised on the assessee. Payment in pursuance of such demand is made through 400.