Menu
INTEREST ON RPF
what is the rate of interest to be credited to the accumulated balane of recognised pf???? is it 9.5% or 8.5% as per the amendments applicable for may 2011 exams????
Replies (3)
Dear,
9.5% int rate is applicable for Financial year 2010-11 only and in exams notification issued before 6 months are applicable but updated information always gives you an added advantage.
If an assess get Rs. 15000 @ 15%pa , then how will we compute ?
The Notification Says : 9.5% till 31.08.2011 and 8.5% for the rest period.
This is mentioned in Practice manual of IPCC - applcble for Nov 2011.But , they have not given the break up.
Solve Question with 8.5% and write down the note with the assumption that it is assumed the interest credited will be on 31st March
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
