Missed tds deduction

Treat it Creditor's account for  the both the transactions. Deduct TDS for a whole thing. Pass entry at the end of the month with TDS due . Pay it in the subsequent month.

1. Options available to you are to deduct TDS from the next payment onwards along with TDS which should have actually been deducted in the first quarter. 
2. Deduct TDS (including 1 st quarter) and remit the same. However, interest @ 1% for no deducting TDS will be levied u/s 201(1A) and penalty will be imposable u/s 271C equal to the amount of tax not deducted. 
3. However, penalty u/s 271C will be imposable only by the Joint Commissioner. He may waive the penalty if reasonable cause is shown and the amount involved is less. 
Please correct me if the above solution has an alternative view.