Tax payable in it returns

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MBA

24 Points Posted on 14 December 2012

Hi Could you please tell me , what challan needs to be filled in respect of filing IT payable calculated during filing of returns. is it

ITNS 280 ( Payment of Income Tax & Corporation Tax ) and classifies as

Self Assessment (300) or Regular Assessment (400)

ITNS 281 ( TDA / TCS from coporates or Non - corporates ) and classifies as

(200) TDS/TCS payable by Taxpayer or (400) TDS / TCS Regular Assessment - Raised by IT Department

I would really appreciate your help in figuring this out

Thanks & Regards

Mark

Replies (1)

A.C.A. (ICWAI)

1686 Points Posted on 14 December 2012

CHALLAN 280 IS FOR PAYING THE SELF ASST TAX... BY ASSESSEE HIMSLEF OR BASED ON THE ASSESSMENT BASED BY THE AO.

300 SELF ASSESSMENT.

400 REGULAR ASST TAX AFTER ASSESSMENT IS COMPLETE.

at the time of filing the return as it is self asst hence tick 300.

Challan 281 for making TDS..

if your paying tds yourself tick 200

if you need to pay tds after getting notice from the department then tick 400.

if you have any dobuts read the instruction to challan 280 and 281 which are preasent in the challan it self...

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