Additional payable

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Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2013 at what rate does interest is charged if i not paid additional payable amount shown in 704 and form which date?

CA CS Pawan Jajoo (Expert)
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04 February 2013 interest u/s 30(2) - 1.25 % per month calculated daywise.

Interest u/s 30 (4 ) - 25 % of tax payabal.

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