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if divided unpaid for more than 30 days, what is interest chargeable 12% section 205 A co. act 1956or 18% section 127 of co.a ct 2013
Replies (9)
As I understand, it is 18% pa
Yes, I agree with Poornima Madhava i.e. @ 18% P.A. Simple Interest.
okkk.thank u both d mentor
bt then when sec 205A used?
No,
Section 127 Shall be initiated.
Section 127 Shall be initiated.
means sec 205A of 1956 is scrap.....
Yes, From 30th August
30 th Aug, 2013
as per as28 in top down test impairment loss absorbed in pro rata between corporate asset and cgu
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