Advance Tax, Self Assessment Tax and Challan 280 Advance Tax:Details-What, How, Why Section 234A,234B,234C : Interest Penalty for not paying Expected IncomeTax on Time Challan 280 Challan 280: Payment of Income Tax Paying Income Tax Online, epayment: Challan 280 Challan 280 : Paying In...
41. While filling online correction I quoted interest amount in both columns, when trying to click on proceed to interest I am getting an error ‘Total Tax Deposited’ is less than ‘Available Balance of the Challan’. What should I do? Please check the available balance of the same chall...
CA Puja Sharma (Chartered Accountant) (5010 Points) Replied 15 April 2022 You can add the challan of interest and penalty paid on the traces portal. sabyasachi mukherjee (27593 Points) Replied 18 April 2022 Tds returns not for interest and penalty. ...
including sale of property.TDS on sale of property is applicable under Section 194-IA of the income tax law. However, buyers and sellers need not worry about TDS implications at all if the property value is up to Rs 50 lakh. On property deals involving more than Rs 50 lakh, TDS on pro...
TDS deducted is made available to the PAN Holder via Form 26AS. Income Tax Department’s initiative to receive information and maintain records of tax paid through banks through online upload of challan details is termed asOLTAS(Online Tax Accounting System).Basics of Tax Deducted at Source or ...
2. All types of tax, such as TDS, direct tax, income tax, TCS, etc., can be paid in person at any OLTAS-authorised bank branches, online via net banking, or by debit card. 3. Receipt and a unique serial number known as the Challan Identification Number (CIN)- When taxes are paid...