Dear All,
Income tax deptt. raised demand under section 201 for Late payment of TDS. My question is about When we are dpositng the interest onto the bank What should be the section & Code to fill on the challab. because bank are not accepting the challan without it.
The interest on late deposit of TDS and late deduction of TDS is fall under 201 (1A) of I.T.Act.
Chirag P Shah & Co. Chartered Accountant
Pune
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