Sec 208 of companies act 1956
Rahul Dumra (Tax Associate) (23 Points)
20 December 2016Rahul Dumra (Tax Associate) (23 Points)
20 December 2016
Anonymous
(-)
(279 Points)
Replied 26 December 2016
Suppose the plant has been actually completed in June 16 i.e. during the half year Apr-Sep 16. Then the interest will be payable from the date of commencement of the plant upto March 17 (i.e. close of the half year after Apr-Sep) or such lower period determined by the government.