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Income tax

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03 April 2013 What would be the consequences of late payment of deducted TDS.....
Say TDS of Rs 8000 was deucted on 10.05.2010 and the said amount was deposited to the credit of Central Govt on 10.03.2012......
What will be the interest, penalty & Prosecution(if any) and under which section???????

03 April 2013 U/S 201, one and one half per cent for every month or part of a month shall be paid for June 2010 to April 2012.



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