Tag Archives: month

Month is Period of 30 days instead of British calendar month

Issue : How to Calculate interest payable by the assessee under S.201(1A) i.e by taking a period of 30 days as a month instead of British calendar month ? IN THE ITAT HYDERABAD BENCH ‘B’ Navayuga Quazigund Expressway (P.) Ltd. v. Deputy Commissioner of Income-tax, Circle 15 (1), Hyderabad P.M. JAGTAP, ACCOUNTANT MEMBER AND SMT. ASHA… Read More »