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Q. > Please Help: INCOME TAX
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226 views • Question added Jan 19, 2013 • Income Tax • By CA DEBJIT MAJUMDER , CA , KOLKATA


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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