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Tax query
I am appearing for nov 2011. i wanted to know what is the interest rate on RPF. As per circular issued on sept 2010 it says it has changed from 9.5% to 8.5%. even in some textbooks sums have been solved as per 8.5%. but the tax amendment issued by ICAI mentions nothing about it.
what should i conclude the RPF interest rate?
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Replies (1)
for nov 2011 xamz the rate applicable is 9.5%
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