01 April 2013
My understanding of Sec:201(1A) ii, Interest should be calculate at the rate of 1.5% per month or part thereof from the date of actual deduction. I.e in our example Interest should be calculate for 2 months. Is It...
22 May 2013
Yes I agree with the expert CS Sanjay and interest is to be paid for one month or part of one month even you have defaulted by 1 day even then you are liable for one month as part.
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