Interest on TDS Payment on Default Notice

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Accountant
80 Points Posted on 16 February 2021
Dear Sir,

I have recently received Default Notice from I T Dept. for Interest on Delay of TDS Filing.
I have paid the Interest amount in Form 281 under the Head 400.

My question is that how to set off the Interest Paid amount against the Notice in TRACES.

Please reply at your earliest.

Thanks.
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On 16 February 2021 at 23:19 Report
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Quick Summary
A user has received a default notice from the IT Department regarding interest on delayed TDS filing and has paid the interest amount via Form 281. They are seeking guidance on how to set off this payment against the notice on the TRACES portal. Clarification was sought on whether the notice pertains to interest on late filing or interest on delayed payment of TDS, with the user confirming the payment was for interest on delayed TDS payment.

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Partner
1072 Points Posted on 17 February 2021

On Delay of TDS Filing, late fee is imposed not interest.

Interest is on delay in payment of TDS.

Pl clarify.

 

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On 17 February 2021 at 19:55
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Accountant
80 Points Posted on 17 February 2021
Interest on Late Fee under the head "Interest & Others" mentioned on the Notice.
I paid that amount through Challan.
Reply
On 17 February 2021 at 21:44

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