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Interest calculation sec-50
please tell us how to calculate interest
Replies (4)
For Non Payment interest @ 18% &
For Excess claimed ITC interest @ 24%...
Interest = payable amount (X) 18% or 24% (/) 365 (X) no of delayed days...
For Excess claimed ITC interest @ 24%...
Interest = payable amount (X) 18% or 24% (/) 365 (X) no of delayed days...
Useless reply....
For sec 50:
Interest is to be calculated on Net amount i.e., after deducting the ITC.
Interest @ 18% per annum to be paid for delayed period - late payment
Thank You for the professional feedback and not a LAYMAN reply Mr Sabyasachi Mukherjee...
But,
I give You permission for replying to the query...
Give Your reply to the query... I'll try to learn from Your reply...
But,
I give You permission for replying to the query...
Give Your reply to the query... I'll try to learn from Your reply...
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