Yes you need to show the interest in TDS return.
Yes
Interest payment in a different challan
Hi, I deducted TDS under section 194J on 24th July 2021, but paid it on 29th September 2021 and paid only 2 months interest. Subsequently upon realization that I had paid less interest (Supposed to be 3 months), I paid the remaining 1 month interest on 10th October 2021. I used CHALLAN NO.ITNS 281 for this interest payment (I selected Section 194J during this payment. Do I have to show this interest payment in my Quarter 2 TDS return? If yes, in the RPU in the Annexure 1 (Deductee details), do I have to mention the deductee detail also, leaving the TDS space blank?
Asked 3 years ago in Income Tax
In the RPU -> Annexure 1 (Deductee details), I gave the PAN and name of the deductee against the challan for payment of interest. Also the date on which the interest is paid in the date column and the interest rate is entered 10% . I received the following error message on validation. Line No Record Type Statement Type Field Name Challan Details Record Number Deductee/ Salary Detail No. Error Code & Description 18 Deductee Regular Section Code 6 1 T_FV_6142 Incorrect remark value 18 Deductee Regular Rate at which Tax deducted 6 1 T_FV_6145 Invalid tax deducted amount. Enter valid tax deducted amount as per rate. 18 Deductee Regular Date of Deduction 6 1 T_FV_6147 No value should be provided if tax is not deducted. 18 Deductee Regular Amount of Payment / Credit / Debited ( Rs.) 6 1 T_FV_4246 Amount of Payment/Credit/Debited should not be 0.00 (zero) 18 Deductee Regular Date on which Amount paid / Credited / Debited 6 1 T-FV-4111 Date on which Amount paid/Credited/Debited must be within the Financial Year and before the End Date of Quarter 18 Deductee Regular Date on which tax Deducted / Collected 6 1 T-FV-4257 No value should be provided if tax is not deducted.
Asked 3 years ago
- In oct 2021, interest is to be paid for 4 months (July to Oct 2021). Don't add deducted separately, show interest amount in same deductee details alongwith the TDS amount.
Yes the challan needs to be shown in quarter 2 TDS return.
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29853.22+5373.58
Good Morning
you have to show interest challan in challan section only no need to mention interest separately in deducte section
system will auto calculate interest
else you can file TDS return without payment of interest and subsequently when interest demand raised by department then can adjust interest from such interest challan
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