Interest 234a b c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 October 2016 Dear Experts,
For AY 2016-17 what is the interest
Rate u/s 234A,B,C weather it is 12%
Or 18%

Please revert,

Sandeep Dharar (Expert)
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07 October 2016 U can visit the following link, for full disclosure:-

https://www.caclubindia.com/articles/interest-u-s-234a-234b-and-234c-15276.asp

Querist : Anonymous

Querist : Anonymous (Querist)

07 October 2016 Sandeep sir in this article interest rate
Is 1% PM but someone has told me
from AY 2016-17 it has been 1.5% PM

Dhirajlal Rambhia (Expert)
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05 October 2021 No the interest rate for the entire section remains same as 1%, for a month or any part of it.

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