TDS 194IA default late fee and interest

TDS & TCS 1961
1

Tds deduction u/s194-IA first installmnt made on jan 24 no tds deducted now today ie 30.8.26 he is deducting tds and depositng by filing form 26QB is late fee will be levied and intt @1%

2
  1. Late Fee: ₹200 per day under Section 234E for delayed filing of Form 26QB (capped at the TDS amount).
  2. Interest: 1% per month for late deduction and/or 1.5% per month for late deposit to the government.