Type of payment in challan 280 for interest u/s 220(2)

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This query is : Resolved

Jigar Chokshi (Querist)

30 October 2014 Dear sir/madam,

I want to pay off my interest u/s 220(2) as on the website of incometax department my outstanding tax demand shows a demand of interest u/s 220(2) for the AY 2010-11.

while paying this interest through challan 280 there is an option to select the type of payment such as :

(100)ADVANCE TAX
(102)SURTAX
(300)SELF ASSESSMENT TAX
(106)TAX ON DISTRIBUTED PROFITS
(400)TAX ON REGULAR ASSESSMENT
(107)TAX ON DISTRIBUTED INCOME

from these options which option should be selected for payment of interest online through challan 280 ?

Is there any other thing which should be taken into account while paying this interest?

thanks in advance..

A.Senthil Subramanian

A.Senthil Subramanian (Expert)

31 October 2014 Quote (400) Tax on Regular Assessment, as you pay this interest after demand raised from IT department. Fill amount in Interest column. There may be any Interest payable in the Demand Interest. For this you may consult you ITO also.

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