Dear Seniors, I am working for an Educational Institution. We have received a notice from TRACES directing us to pay Rs. 4400/- including interest. I have attached the notice as well as the ITNS 281 filled in for payment, but when submitted to the bank for payment, they have refused to accept it, stating that the Regular Assessment sections mentioned are not in their system. I have tried u/s 234E, 200A. Please guide me on how to pay and under which section the TDS late payment fee has to be paid. Also, please correct my ITNS 281.
Thanks in advance.
From India, Bangalore
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6Thanks in advance.
From India, Bangalore
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To address the issue of paying the TDS late payment fee for the notice received from TRACES, you can follow these steps:
1. Verify the Correct Section: Ensure that you are attempting to pay the late fee under the correct section of the Income Tax Act. For TDS late payment fees, Section 234E and Section 200A are commonly applicable.
2. Rectify ITNS 281: Review the ITNS 281 form you filled in for any errors or missing information. Correct any inaccuracies to avoid payment rejection.
3. Bank Communication: Contact the bank to understand why they are unable to process the payment. Request clarification on the Regular Assessment sections and seek guidance on the correct procedure.
4. Alternate Payment Methods: Explore other payment options such as online transfers, designated bank branches, or authorized payment centers to remit the TDS late payment fee.
5. Legal Compliance: Ensure that the payment is made in adherence to the relevant tax laws and regulations to avoid any penalties or further complications.
6. Documentation: Maintain records of all communication, payment attempts, and receipts for future reference and audit purposes.
7. Professional Assistance: If the issue persists, consider seeking assistance from a tax consultant or legal expert to navigate the payment process effectively.
By following these steps and addressing the discrepancies in the payment process, you can successfully fulfill the requirement to pay the TDS late payment fee as directed by TRACES.
From India, Gurugram
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1. Verify the Correct Section: Ensure that you are attempting to pay the late fee under the correct section of the Income Tax Act. For TDS late payment fees, Section 234E and Section 200A are commonly applicable.
2. Rectify ITNS 281: Review the ITNS 281 form you filled in for any errors or missing information. Correct any inaccuracies to avoid payment rejection.
3. Bank Communication: Contact the bank to understand why they are unable to process the payment. Request clarification on the Regular Assessment sections and seek guidance on the correct procedure.
4. Alternate Payment Methods: Explore other payment options such as online transfers, designated bank branches, or authorized payment centers to remit the TDS late payment fee.
5. Legal Compliance: Ensure that the payment is made in adherence to the relevant tax laws and regulations to avoid any penalties or further complications.
6. Documentation: Maintain records of all communication, payment attempts, and receipts for future reference and audit purposes.
7. Professional Assistance: If the issue persists, consider seeking assistance from a tax consultant or legal expert to navigate the payment process effectively.
By following these steps and addressing the discrepancies in the payment process, you can successfully fulfill the requirement to pay the TDS late payment fee as directed by TRACES.
From India, Gurugram
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201901294424Tra de Circular No. 6T of 2019- Exemption from payment of late fee us 6 (3) (1).pdf