TMI BlogProcedure to be followed in calculating interestX X X X Extracts X X X X X X X X Extracts X X X X ..... is to be calculated on annual basis, the period for which such interest is to be calculated shall be rounded off to a whole month or months and for this purpose any fraction of a month shall be ignored; and the period so rounded off shall be deemed to be the period in respect of which the interest is to be calculated; (b) where the interest is to be calculated for every month ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing the interest payable by the assessee or the interest payable by the Central Government to the assessee under any provision of the Act, ( a ) the period for which such interest is to be calculated shall be rounded off to a whole month or months and for this purpose any fraction of a month shall be ignored; and the period so rounded off shall be deemed to be the period in respect ..... X X X X Extracts X X X X X X X X Extracts X X X X
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