Payment of tds online

This query is : Resolved

Ganesh Pabbaraju (Querist)
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04 May 2009 Since the form 17 is not yet uploaded by IT Dept till now, to avoid interest on late payment for apr-09, can we pay the tds in form 281.

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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04 May 2009 In my view Yes you can.

CA MEENAKSHI MANGLA

CA MEENAKSHI MANGLA (Expert)
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04 May 2009 Bcz form 17 has not been yet uploaded so then govt will use it power of Section 295 and give waive interest on tds whichever will be calculated amount of interest

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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04 May 2009 As discussed with Mr Girish Ahuja ji, a detailed circular for TDS is yet to come which will give us the detail procedures about new TDS provisions, but this is for sure that TDS deposited on Challan 281 shall not be treated as valid deposit. As per him, it is quite possible that Govt may allow some time for deposit of TDS on April as IT officials are busy in election due to which there has been a delay in that detailed circular. Better is to wait and watch the situation.