Calculation of interest
This query is : Resolved
05 March 2013
Dear sir,
One of the client recieved the notice from Income Tax Dept to pay 8500rs for the Assesment year 2011-12.sO what will be the interest rate for nt paying the amount for nearly 2 years?
Thank you
One of the client recieved the notice from Income Tax Dept to pay 8500rs for the Assesment year 2011-12.sO what will be the interest rate for nt paying the amount for nearly 2 years?
Thank you
CMA Ramesh Krishnan
(Expert)
22 August 2013
it is simple interest 12% per month will be provided
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