While making online line payment of tds/tcs or depositing physically TDS Challan Number 281 in the bank, there is a column of "Type of Payment" which shows two choices as under :-
- (200)TDS/TCS Payable by Taxpayer
- (400)TDS/TCS Regular Assessment (Raised by I.T. Deptt.)
In above, generally while depositing TDS/TCS, first column started with code 200 should be selected. But specifically regarding column No. 2 starting with code 400, everyone should careful, in case selection of "(400)TDS/TCS Regular Assessment (Raised by I.T. Deptt.)" amount of TDS/TCS will not be adjusted with the challan amounts of TDS/TCS submitted in your e-tds/e-tcs return. Therefore, un-necessarily correspondence will have been done with the Income Tax Department . I mean to say that you will receive letter from I.T. Deptt that you have not deposited TDS/TCS where as you have deposited it only in wrong "Type of Payment" under code (400).
Secondly the amount of tds/tcs deposited will not been shown in downloaded .csi file from tin-nsdl.com.
Picture view of column in Challan Form 281 is marked with yellow colour shown below :-
Your view is also required in the Text mentioned in below picture.