Akarsh Goyal (Student-CA Final) (1357 Points)
25 March 2011
Ritesh Jain
(CA, CS in Job)
(675 Points)
Replied 25 March 2011
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.
A.K.Banik
(Tax Consultant)
(1596 Points)
Replied 18 October 2011
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.
Rahul Gupta
(Chartered Accountant)
(644 Points)
Replied 18 October 2011
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
CAclubindia
