Interest on 1st qtr late tds payment

This query is : Resolved 

29 August 2012 Dear Sir,
Please tell me we had TDS late Deposite 1st Qtr. 2011-12 and now we have been liable to payment of Interest for late payment please tell me what is the online payment process for that and which Section is applicable for it.

29 August 2012 Pl look at section 201(1A). interest would be at the rate of 1.5 percent in case of late payment and 1 percent in case of late deduction



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