Tds not deposited

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Querist : Anonymous (Querist)
25 September 2012 A company credited a party's account and deduct tax but do not deposit tax as payment is not done to the party.In this case whether penalty u/s 201(1A) is liable at the rate of 1% or 1.5%?

25 September 2012 INTEREST TO BE PAID @1.5% PER MONTH


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