I have claimed excess ITC in following months in 3B through ALL OTHER ITC
May ₹1433
Jan ₹778.92
Total ₹2211.92
ITC is utilised in same month.
I need to put this amount in 3B 4(B)(2)
But how to calculate interest @ 24%
For May is it ₹1433 * (9month*2)%
and Jan ₹778.92 * (1month*2)%
CAclubindia
