on 1/4 2019 Mr Rajesh started a 1 year recurring deposit of rupees 80000 per month at the rate of 8% per annum with Bank of Baroda. the recurring deposit matches on 31st March 2020.
What will be interest p.a.?
what is correct answer for interest?
I got the answer as 42,643.04
where as one CA gave me answer as 41,600
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Question on section 194A of the income tax act 1961?
Replies (1)
42,346.05......
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