Tds

This query is : Resolved

SHYAMLAL KAYYARUVATH (Querist)
Follow

05 June 2012 Dear sir,

We cut the tds on carriage and paying under 94c.In which type of payment should I click at the time of e-payment.There is two option to click.
1.(200)TDS/TCS Payable by tax payer.
2.(400)TDS/TCS Regular assesment(Raised by I.T dept.)

Please explain what is the difference between them.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

05 June 2012 You have to select 200.

200 is used when the assessee is voluntarily depositing TDS thereby complying with the provisions of law.

400 is used when a notice is issued by the department and demand is raised on the assessee. Payment in pursuance of such demand is made through 400.

C.A Anshul Singhal

C.A Anshul Singhal (Expert)
Follow

05 June 2012 yes I am agree with siddhartha

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RADHAKRISHNAN A R

madhuseshu yathirajam

Ashif Cheenikkal

SHRI HARIRAO

J.Vijai

Subscribe Now

Tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Accountant

CA Final

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance