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Banking companies

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(Querist)
24 August 2011 Sir, while calculating Rebate on Bills Discounted ( Banking Companies)is 3 days of Grace shall be added or not?
Eg: 1. Bill Date 09.02.02, term period 4 months then how many days should have to take into consideration, shall we add grace days or not?
In some questions we are adding grace days and in some it is not added. plzzz clear it sir.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
24 August 2011 It is depending on the term of conditions. If the condition is at-sight then grace days will not consider otherwise it will considers.
OM SAI SRI SAI JAI JAI SAI
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
24 August 2011 I agree with the expert
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