TDS Challan for Interest Payment

[Guest]

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.

[rishi mohan]

The challan no. 281 shall be utilised for making the interest payment for Consequences of failure to deduct or pay in case of TDS.

  

AI Summary

TDS interest payment: remit delayed-TDS interest using the designated challan rather than separate challans for each section. Interest payable for delayed remittance of tax deducted at source, even when arising under different sections, is to be remitted using the designated challan for consequences of failure to deduct or pay TDS; separate challans for each underlying section are not required.