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Interest on late payment of tcs

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02 July 2013 TRACES has sent notice demanding interest u/s 201(1A) on late payment of TCS. As per me interest for late payment of TCS should be calculated u/s 206C(7).What is correct position. If I am correct to whom should I approach for rectification.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
02 July 2013 I support you view. Contact that person who has issued the notice.

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