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sampath (student)     14 May 2019

Sec 50- interest on delayed payment

on what 18% should be calculated..Gross liabilty or Net liablity? is there any amendment for sec 50

 2 Replies


pritesh (CA Final student)     14 May 2019

Gross liability
Padmanathan Kv

Padmanathan Kv   15 May 2019

as such no amendment. you have to compute on gross amount. there is a Telangana High court ruling to that effect also.

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