TDS Challan for Interest Payment

[CHITRA RAGURAM]

A firm pays interest for a FY for delay in remitting the TDS amount as per Sec 201. The entire TDS amount will contain TDS deducted under various sections of 194. Do we need to prepare seperate challans for this interest payment for each section seperately.

AI Summary

Separate Challans Not Required for Interest on Delayed TDS; Use Challan 281 for All Sections under 194. A firm inquired whether separate challans are required for interest payments on delayed TDS remittances under different sections of 194. The response clarified that challan number 281 should be used for making interest payments related to the failure to deduct or pay TDS, regardless of the specific section under which the TDS was deducted.