Default in TDS u/s 194IA

You have to obtain a Certificate in Form no- 26A from an Accountant (being either your Statutory Auditor or Tax auditor) and submit it to DGIT / Principal DGIT(Systems). This Certificate will contain all details viz., Amount paid by you with out deduction of T.D.S, Return details of Assessee(Deductee) under which he offers such Income for self assessment u/s.140A(also called tax directly paid by Assessee u/s.191) e.t.c. If you obtain such Certificate and furnished to the above authorities, then you are not Deemed to be an Assessee in Default and liable to pay Interest only u/s.201(1A) @ 1% from the date on which T.D.S was deductible till the date such resident has furnished such income and Paid tax there on.