Add challan as Interest

502 views
User Avatar

ACCOUNTANT
210 Points Posted on 25 October 2023
We paid interest against notice on delayed payment of TDS after TDS return filed in Form 26Q.. Now my query is Is it is to be added challan and if so what is the procedure and my next move?
0 Reply Share Follow
On 25 October 2023 at 19:14 Report
Replies (3)
Quick Summary
If you've paid interest on delayed TDS payments and filed your return in Form 26Q, you need to add this challan. The interest amount should be entered in the 'Amount claimed as Interest' section. If the challan was initially paid under basic tax, you'll need to apply for a challan correction through TRACES to resolve any demand.

User Avatar

CFO- at NHTF
58280 Points Posted on 25 October 2023
Use tds traces to nullify the demand by adding the challan
Reply
On 25 October 2023 at 21:07
User Avatar

ACCOUNTANT
210 Points Posted on 26 October 2023

Is interest amount  what we had paid to be filled in ' Amount claimed as Interest' under serial No. 15.? Please clarify.

Reply
On 26 October 2023 at 17:42
User Avatar

CFO- at NHTF
58280 Points Posted on 26 October 2023
Yes. You have to enter the amount in interest column.

If challan is paid under basic tax then you may apply for challan correction from traces
1 Reply
On 26 October 2023 at 22:49

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading