Interest payment

This query is : Resolved 

03 March 2014 MY QUERY IS IN TDS,VAT,SERVICE TAX,PT PAYMENT INTEREST SHOULD BE CALCULATED ON DAILY BASIS ON MONTHLY BASIS FOR EXAMPLE: INTEREST RATE IS 1.25@ PM,NOW I HAVE TO PAY TAX TODAY DATE 03/03/2014 SHOULD I CALCULATED ONLY FOR 3 DAYS OR WHOLE MONTH.PLEASE REPLY AS SOON AS POSSIBLE

THANK YOU

03 March 2014 for income tax puprose even for 1 day is condiered as full month.

03 March 2014 AND FOR OTHER,SERVICE TAX,VAT,PT PAYMENT

03 March 2014 in service tax and vat just find whether they using the words "month or part of month"


then it will be for full month only.


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