Tds codes 0020,0021

This query is : Resolved

Quick Summary

TDS code 0020 applies when the deductee is a company, while 0021 applies for non-company deductees. Section code 200 is used for regular TDS or TCS payments, whereas code 400 applies to payments made against demand notices or assessments.

sravanthi

sravanthi (Querist)
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13 August 2014 is section 0020 is company deducte and 0021 is non company deducte..

My company is registered with ROC
So how can i deduct tds undaer 0020 or 0021?

And Sec 200-taxpayer(TDS,TCS),400(TDS TCS-regular assessment, in these which is applicable to my company..

Rupesh Jain

Rupesh Jain (Expert)
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14 August 2014 this code not for you,
this is another party, you are depositing the TDs if your deduct the tds of non company then select the code 0021
if you deduct the tds on company then select 0020

and 200 for when you deposit the monthly liability.

400 if you received the notice from deptt and then you deposit the liability.

Message likes : 1 times

sravanthi

sravanthi (Querist)
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21 August 2014 Thank you Sir,

Kindly let me know any exemption about penlity&Intrest For non filing ST-3 retutns from 1 year.

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