Interest on late payment of 'interest on tds'

CA Deepak Gupta (In Practice) (81 Points)

07 September 2011  

Dear All

I have received a notice from Income Tax Department asking me to pay Additional Interest on TDS over and above which I have paid while making late payment of TDS. Furhtermore they have charged Interest on 'Late Payment of Interest' about which I dont know anything.

Kindly provide me provisions in Income Tax Act regarding payment of interest on Late Payment of TDS as well as provisions regarding Interest on 'Late Payment of Interest'. (A.Y. 2010-11)

Warm Regards.