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Direct Taxation

In illustration 8 of institute's textbook, in the 3rd year won't interest be included in the payment (ie the interest of the year)?

Swathi Krishna

CA Final

★ 8K+

24-Oct-20 00:00

322

Answers (2)

Year 3 issue will arise only if that period has lapsed. In this case immediately after year 2. default and transfer happen and hence year 3 rated interest wont be computed

Sriram Somayajula

Admin

25-Oct-20 12:05

K thax sir

Thread Starter

Swathi Krishna

CA Final

★ 8K+

25-Oct-20 13:56

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