Minor head code
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2014
What is the difference between minor head code 200 and 400 and when they are used
13 February 2014
in what context you are asking?
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2014
I have received an intimation u/s 200 A and interest for late deposit of tax is levied.
Now in revised return which minor code to be quoted??
Now in revised return which minor code to be quoted??
03 August 2024
In the context of Indian tax laws, particularly for income tax and TDS (Tax Deducted at Source) purposes, the minor head codes are used for categorizing payments into specific types for accounting and reconciliation purposes. Here’s a breakdown of the minor head codes and their use:
### **Minor Head Codes**
- **Minor Head Code 200:**
- **Description:** This code is used for "Tax on Income" and relates to the actual income tax liability.
- **When to Use:**
- It is used to deposit the income tax payable as per the regular assessment. This includes taxes paid under sections such as 143(1), 143(3), or 147 where there is an assessment and additional tax is demanded.
- It is also used for payments related to income tax, including advance tax and self-assessment tax.
- **Minor Head Code 400:**
- **Description:** This code is used for "Interest" and relates to various types of interest payments.
- **When to Use:**
- It is used for depositing interest on tax payments. This includes interest for late deposit of tax, interest on delayed payments of TDS, or any other statutory interest.
### **Application in Revised Return**
If you have received an intimation under Section 200A regarding interest for late deposit of tax, and you are revising your return, here’s what you should do:
1. **Interest Payment (Minor Head Code 400):**
- When paying interest for late deposit of tax, use Minor Head Code 400. This is applicable when you need to deposit interest for late payment of TDS or income tax.
2. **Income Tax Liability (Minor Head Code 200):**
- For regular tax payments, such as the actual income tax liability or tax on assessed income, Minor Head Code 200 should be used.
### **Steps to Address the Intimation**
1. **Deposit Interest Payment:**
- Deposit the interest for late deposit of tax using Minor Head Code 400. Ensure that the payment is made accurately as per the amount specified in the intimation.
2. **Revised Return:**
- In the revised return, report the details accurately as per the revised calculations, and ensure that the interest paid (Minor Head Code 400) is reflected in the return if required.
3. **Document Payment:**
- Ensure that you have all payment receipts and documentation to reconcile the payment against the intimation received.
### **Example:**
- **Interest for Late Payment of TDS:**
If you have to pay interest on TDS due to delay, use Minor Head Code 400 while making the payment to the government.
- **Tax Payment:**
For any additional income tax liability determined after a reassessment, use Minor Head Code 200.
By using the correct minor head code, you ensure that your payments are properly categorized and processed by the tax authorities. If you have specific queries or need assistance with a revised return, consulting a tax professional or accountant is advisable.
### **Minor Head Codes**
- **Minor Head Code 200:**
- **Description:** This code is used for "Tax on Income" and relates to the actual income tax liability.
- **When to Use:**
- It is used to deposit the income tax payable as per the regular assessment. This includes taxes paid under sections such as 143(1), 143(3), or 147 where there is an assessment and additional tax is demanded.
- It is also used for payments related to income tax, including advance tax and self-assessment tax.
- **Minor Head Code 400:**
- **Description:** This code is used for "Interest" and relates to various types of interest payments.
- **When to Use:**
- It is used for depositing interest on tax payments. This includes interest for late deposit of tax, interest on delayed payments of TDS, or any other statutory interest.
### **Application in Revised Return**
If you have received an intimation under Section 200A regarding interest for late deposit of tax, and you are revising your return, here’s what you should do:
1. **Interest Payment (Minor Head Code 400):**
- When paying interest for late deposit of tax, use Minor Head Code 400. This is applicable when you need to deposit interest for late payment of TDS or income tax.
2. **Income Tax Liability (Minor Head Code 200):**
- For regular tax payments, such as the actual income tax liability or tax on assessed income, Minor Head Code 200 should be used.
### **Steps to Address the Intimation**
1. **Deposit Interest Payment:**
- Deposit the interest for late deposit of tax using Minor Head Code 400. Ensure that the payment is made accurately as per the amount specified in the intimation.
2. **Revised Return:**
- In the revised return, report the details accurately as per the revised calculations, and ensure that the interest paid (Minor Head Code 400) is reflected in the return if required.
3. **Document Payment:**
- Ensure that you have all payment receipts and documentation to reconcile the payment against the intimation received.
### **Example:**
- **Interest for Late Payment of TDS:**
If you have to pay interest on TDS due to delay, use Minor Head Code 400 while making the payment to the government.
- **Tax Payment:**
For any additional income tax liability determined after a reassessment, use Minor Head Code 200.
By using the correct minor head code, you ensure that your payments are properly categorized and processed by the tax authorities. If you have specific queries or need assistance with a revised return, consulting a tax professional or accountant is advisable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Liability on Trading Account in Name of Person with Disability (Autism) Operated by Guardian
- TDS on Purchase of Goods 194Q
- Dinner party and 194Q
- GST RATE FOR CONSTRUCTION OF ROAD
- Health insurance
- I want to Close my LLP
- Invertted duty struture
- Order from Department U/s 74
- Seeking expert opinion on holding vs exit of parternship-owned warehouse business
- Profit and sale of mutual fund by the trust
- UNMANUFACTURED TOBACCO DEALER
- TDS Return filing if only have 15G /15H deductions and no other payments
- IMPORT OF GOODS CREDIT
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- Gst no of supplier cancelled from 2017
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
