One of our client received the intimation u/s 200A whereby they are required to pay interest under the following heads:
1. Interest on late payment
2. Additional late payment interest against the processing of latest correction
3. Interest u/s 220(2)
I would like to know while filing "challan" for paying the same,
a. Whether type of payment to be selected will be
i. (200) TDS/ TCS Payable by taxpayer or
ii. (400) TDS/ TCS Regular Assessment (Raised by IT Department) - I think this will be selected
b. In Payment Details, where the above mentioned interest ( 3 case mentioned above) will be shown:
1. Tax Amount
2. Surcharge
3. Education Cess
4. Interest
5. Penalty
6. Other
Thanks
CAclubindia
