Late payment and interest u/s 234 e . how to pay ?

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Sourav (Querist)

05 April 2015 I got an intimation for payment of late fee and interests under 234 E . This is with regards to TDS payment for under construction property

From various posts I understand that the payment needs to be done through ITNR 281. However I need some help/ confirmation to fill the form . Please help with these 4 items

1) Tax deduction account no. = Is it the TAN no. of Seller
2) Type of payment - Should it be (400) TDS/TCS regular assessment
3)Nature of payment - What should be filled here. No option for late payment .
4) After ITNR 281 is filled, do I need to do anything ?

Thanks for all the help .

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

05 April 2015 1. Tax deduction account number is your TAX number which is using for your TDS payment and filling

2. You can mention the type of payment (400)
3. you choose the option " fee under sec.234E"

4.After payment you can intimate to the department by replying the notice with paid challan

Sourav

Sourav (Querist)

05 April 2015 Thanks for the response.

but I do not have a tax no. THis is the TDS for property (26 QB) . I provide seller's TAN .

Also under "NATURE OF PAYMENT" - there is no option for sec 234 E .

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

05 April 2015 Then you have to use the challan form 26QB which you used for pay the TDS on property earlier, there you have to mention all the details which you given at the time of TDS payment, in the form 26QB challan tax deposit details, you choose the option " fee" and make the payment

Sourav

Sourav (Querist)

05 April 2015 Thanks - let me try this

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