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Company or non company deductee in 281 challan

1860 views 2 replies

Dipjyoti Majumdar

CA in service & CS. dipmaj@

3487 Points Joined June 2011

Sometimes we have to pay interest to Dept. for late deposit of TDS in earlier FYs after receipt of intimation under section 200A from AO(TDS).

While online payment of interest, in the payment gateway what to choose in challan 281 : company or non company deductee.

Also in such cases, which section payment is to be shown like 192, 194J, 194C ? Or it is just a formality as there will be no claim of this paymen -- it is just govt's income.

Regards,

Replies (2)

CA Manish

Job

5264 Points Joined December 2010

In that default file they give the details of the interest amount section wise as well as name wise. So we have to pay that interest section wise and with proper deductee type.

Guest

It is just format of challan as there no need of distinguishing the penalty seperately as per act.Another alternative may be, we can calculate interest on both companies and non companies seperately and can pay accordingly as per my view .