I have query on Prepayment of Fixed Deposits.
I want to confirm rate of interest to be deducted from interest payable by the company which are being paid before expiry of the period.
As per Companies Acceptance of Deposits rules rate of intrest to be deducted is 1% where as per RBI rules it is 2%. Which rate should be applied in case where company is Non-NBFC.
Thanks in advance
Regards
Amit
If Company is non-nbfc,1% will be applicable rate.
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
