This discussion clarifies the correct Major Head code for Challan 281 when a private limited company deducts TDS on dividend payments to an individual under Section 194 of the IT Act. The correct code to select is 0021, as this is for non-company deductees.
16 August 2024
what would be the Major Head in Challan 281 for payment of TDS against dividend deducted from individual by private limited company? which code (0020 OR 0021) should i select?