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Please Help: INCOME TAX

Posted Date : 19-Jan-2013 , 09:14:03 am | Posted By: CA DEBJIT MAJUMDER

Category : Income Tax | Answers : 0| Comments : 0| Hits: 218

FOR AN ODFFENCE CPMMITTED U/S 276B OF THE INCOMER TAX ACT,1961, WHAT WILL BE THE RATE OF COMPOUNDING FEES. AS PER LATEST BOOK, IT IS SHOWING 2% PER MONTH, WHERE AS ASST CIT SAYING IT WILL BE 5%.SO WHAT IS THE CORRECT RATE?

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