Interest on wealth tax
This query is : Resolved
SUBHASH JAIN
(Querist)
22 October 2011
HOW TO CALCULATE THE INTEREST ON LATE FILING THE WEALTH TAX RETURN. I.E. DUE DATE 31ST JULY,2009 AND FILED THE RETURN ON DATED 25TH OCT., 2011.
Rahul Gupta
(Expert)
22 October 2011
Simple interest @ 1% of every month (or a part of a month) from the due date of furnishing return to the date of furnishing return.
22 October 2011
calculate interest from 1/08/2009 to 25/10/2011 of 27 months....i.e 27%
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