TDS Demand Payment

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General Manager - Finance
1040 Points Posted on 22 February 2020

Respected Members,

I have a TDS demand against a Pvt. Ltd. where some figures are related to below manner of several years.

Interest on Deduction Default u/s 201

Late Filling Fee u/s 234E

Interest u/s 220(2)

There are some short payment & short deduction also (which is related to 2007-08 to 2015-16).

How can I pay these amount (Through which challans) If I am selecting challan 281 then what would be section for further process.

 

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On 22 February 2020 at 17:29 Report
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Quick Summary
This discussion addresses how to pay a TDS demand that includes interest on deduction default, late filing fees, and interest on underpayment. The user is seeking clarification on which challans to use, specifically Challan 281, and how to correctly identify the relevant sections and payment types for these demands, especially for older assessment years.

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"Do the Right Thing...!!!"
128157 Points Posted on 22 February 2020
Pay the demand through Challan 281 if TDS/TCS related with the option of
"400 - TDS/TCS Regular Assessment (Raised by I.T. Deptt.)...
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On 22 February 2020 at 18:42
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17269 Points Posted on 22 February 2020
There are some short payment & short deduction also (which is related to 2007-08 to 2015-16). ....Query...

------- Short Deduction may require to file TDS return / Revising it so that Deductees get credit.

This will in turn lead to a great difficulty in claiming credit / refund of past Assessment Years.
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On 22 February 2020 at 19:23
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General Manager - Finance
1040 Points Posted on 24 February 2020

If I am selecting Code 400 then next option is about "Nature of Payment"

How can I identified this about Interest.

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On 24 February 2020 at 11:09
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"Do the Right Thing...!!!"
128157 Points Posted on 24 February 2020
It's not for interest... You will select the code of previous deducted TDS head...
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On 24 February 2020 at 15:53

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