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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2008 Chapters List Chapter VII Commodities Transaction tax This

Clause 105 - Interest on delayed payment of commodities transaction tax. - FINANCE BILL, 2008

FINANCE BILL, 2008
Chapter VII
Commodities Transaction tax
  • Contents

105.     Every assessee, who fails to credit the commodities transaction tax or any part thereof as required under section 101 to the account of the Central Government within the period specified in that section, shall pay simple interest at the rate of one per cent. of such tax for every month or part of a month by which such crediting of the tax or any part thereof is delayed.

 
 
 
 

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