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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Computation of interest under section 201(1A) - what is the ...

Case Laws     Income Tax

October 15, 2015

Computation of interest under section 201(1A) - what is the connotation of ‘every month or part thereof’ appearing in Section 201(1A)- “A month as per the British calendar” and “a month reckoned (emphasis supplied by me) as per British calendar” are not the same thing and cannot be used interchangeably. - AT

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