If a company made a payment of Rs. 100000 on 3/10/2012 without deducting TDS, but deducts TDS in september say 12/09/2013 and pays before 7/10/2013. Then what will be the Penalty and Interest amount payable?
Am I supposed to pay only Penalty or Both Penalty and Interest?
Its a Pvt. Ltd. Company, TDS is on payment to contractor.
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