Please check the date-month  of publication of book.

We have to keep aware ourselves about the latest changes in the statute.

rpf is 9.5% for the exam point of view

But tell me why 9.5% it is ameded to 8.5% from Sep 1st 2010 why we should take 9.5% for exam  may 2011?

Definately, we have to consider as 8.5% whether for practical or for exams..

Thanks and Regards,

Manoj B. Gavali

it will be better if we go with recent amandments. so consider as 8.5%

sir, shall we divide the assessment year in 2 parts for calculating interest on rpf?

such as period before 31-8-2010 should be assessed by 9.5% and period after that i.e from 1-9-2010 should be assesed by 8.5%
....

thanking in anticipation....

As per Notification No. 24/2011, dated 13.05.2011 in case of RPF, interest is exempt up to 9.5% p.a. with retrospective effect 01-09-2010. Therefore earlier Notification 69/2010 is set aside, which had reduced the said rate to 8.5% p.a.

THIS MEANS THAT 8.5% GETS CANCELLED FOREVER

but that new 9.5% rpf interest rate is applicable to may 2012 batch na..

n nt 2 nov' 2011 batch