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Tds late payment interest-single amount in challan details..

TDS / TCS 13700 views 8 replies

There is a delay in depositing TDS. We have deposited interest.  There are 28 deductees. The interest is about 2138 rupees. Now can I put this interets amount in challan column and keep quiet. OR

is it necessary that this 2138 is to be distributed among the 28 deductees in proportion to the amount.

Replies (8)

Dear, Just enter tha amount in the interest coloumn and keep quiet

You need to deposit the amount section wise and quarter wise. Non-co./ co. does not matter.

 

You will have to revise the return also after depositing the amount. Just enter the challan details in the revised Return. No need to bifurcate the amount in the deductees.

Dear Ram Babu

It is advisable to bifurcate the interest amoong 28 deductees and make the payment of Interest on delayed deposit of TDS and file the Return if you have not filed or file revise Return if TDS Return not yet filed.

Bifurcation is required since the Notice that you will be receiving from the TDS Department will calculate Interest on each and every deductee for late payment of TDS.

IT IS NOT NECESSARY TO BIFURCATE THE INTEREST IN DEDUCTEES. DEFAULT FILE DOWNLOADED FROM NSDL SITE SHOWS THE INTEREST AMOUNT DEDUCTEE WISE, BUT IT IS JUST FOR THE CLARIFICATION OF ASSESSEE.

it would be better if you can file the  revised return for the interest in the delay payment of TDS..................after filing of revised return ..just write a letter to the concern ITO -TDS and enclose the copy of challan for interest.

 

 

 

option 1

But You should mention Sections for TDS payments

Need not to provide deductee wise bifurcation on Interest paid... You just have to pay interest and put amount in interest column in challan with respect to section. Please take care of interest payment section wise. After interest payment you also have to revised TDS return with interest payment challan details. After revising TDS return you may check online though TAN login whether default is still exist or not.


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