WHAT WILL BE THE INTEREST PAYABLE ON MVAT RETURN OF 01-10-2006 to 31-03-2007,IF FILLED ON 10-08-2008?
PLS ANSWER......
2 Replies
biren thakkar
(accounts manager)
(231 Points)
Replied 02 August 2008
The Interest amount will be at 1.25% per Month uptil the date of filing return
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 02 August 2008
1.25% x 16 =20% x Liabilty
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