Ineterst on late payment of tds
This query is : Resolved
CA CS Preeti Mehta
(Querist)
18 February 2012
Hello everyone,
Our company has got demand notice u/s156 for tds interest on late payment of tds. Now, I want to pay this interst on late payment of tds online.BUt when I selce the nature of payment, only list of relevant sections of TDS like 194a,j,i,195 Etc can be seen. There is no such category like interst on late payment of tds. Tell me under which head I should pay the amount of interest on late payment of TDS?
Our company has got demand notice u/s156 for tds interest on late payment of tds. Now, I want to pay this interst on late payment of tds online.BUt when I selce the nature of payment, only list of relevant sections of TDS like 194a,j,i,195 Etc can be seen. There is no such category like interst on late payment of tds. Tell me under which head I should pay the amount of interest on late payment of TDS?
CA PARAS BAFNA
(Expert)
18 February 2012
As the amount is being paid in response to department's demand notice, you may select code (400) for TDS/TCS Regular Assessment.
In manual challan I could see. Please see the said option in online payment challan.
.
Department will do the subsequent section wise adjustments in case there be left any.
In manual challan I could see. Please see the said option in online payment challan.
.
Department will do the subsequent section wise adjustments in case there be left any.
CA CS Preeti Mehta
(Querist)
19 February 2012
ok.Thank you for your reply.
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