Compounding fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2013
what is the rate of compounding fees as per section 276B As per 29th July 2003 circular, the rate is 2% per month whereas someone CIT said it will be 5% per month.
What is the actual rate?
What is the actual rate?
19 January 2013
Reduced to 2% vide guidelines contained in
F.No. 285/26/2002IT(Inv.) dated 29/07/2003.
F.No. 285/26/2002IT(Inv.) dated 29/07/2003.
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