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Discussion > Income Tax >

Penalty on tds late filing of return

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[ Scorecard : 25]
Posted On 19 December 2011 at 13:25 Report Abuse

We have been issued an order to pay a penalty u/s 272A(2)(k) upon late filing of TDS return. Now, while filing TDS Challan no. 281 we have to give 'CODE OF TYPE OF PAYMENT'. Can anyone help me as to what is to be filled here in this penalty case. Thanks in advance

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[ Scorecard : 15069]
Posted On 19 December 2011 at 16:37

You have been issued an order to pay a penalty u/s 272A(2)(k) upon late filing of TDS return.

Therefore the Code of Payment will be (400)TDS/TCS Regular Assessment (Raised by I.T. Deptt.).....

Total thanks : 2 times


[ Scorecard : 25]
Posted On 20 December 2011 at 16:02

But while making online payment through Challan No.281 we have to give 'CODE OF TYPE OF PAYMENT' i.e. over and above'400' which you have mentioned. Without giving that code the online challan is not accepted. What to do?

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[ Scorecard : 15069]
Posted On 20 December 2011 at 16:41

Go through the link there is only two option available in Challan 281


The Two Option Are...

(200)TDS/TCS Payable by Taxpayer

(400)TDS/TCS Regular Assessment (Raised by I.T. Deptt.)

Here the Second option will be your code of Payment.....enlightened

sadashiv Rupchand Gaikwad

[ Scorecard : 440]
Posted On 25 December 2011 at 15:43

To meet Income tax officer TDS inspector

Nikesh Dilip Redij
Accounts Executive

[ Scorecard : 21]
Posted On 16 January 2012 at 15:19

If the 15th the last day filling the return, come on Holiday (e.g. as this 15th Jan. 2012 was Sunday) then what will be the last for filing the returns ? & if we file the return on 16th Jan. then will the penalty will be levied or not


[ Scorecard : 21]
Posted On 18 January 2012 at 12:05

Dear Santosh,

Penalty above will be charged @ Rs.100 per day irrespective of the day above being Sunday.

Penalty will be exempted only if the preceeding day is a nationalised holiday.

Dipjyoti Majumdar
CA in service & CS. dipmaj@ rediffmail.com

[ Scorecard : 3241]
Posted On 18 January 2012 at 13:27

As per my understanding penalty order is issued after giving an opportunity of being heard.

Santosh : Did you appear before AO TDS and offer reasons fornot submitting the TDS return in due time ? Were the delay inordinate ?

Mrs. Vidya Anil Naik

[ Scorecard : 21]
Posted On 28 March 2014 at 11:30

what code is used for making payment of  late filing of etds return i.e Rs.200/- per day for 7 days will be Rs.1400/-, so what will be the code on tds challan for this payment. we have written 234E but after 3 months bank has sent letter saying penalty code is incorrect.(cheque cleared only challan is pending)


[ Scorecard : 21]
Posted On 02 January 2015 at 12:00

TDS paid on professional services for the financial year 13-14.but we paid it on 2015 what is the a.y we filled in the tds challan  (A.Y 2014-2015) or (2015-2016)

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