Amendment to interest computation changes periodic interest basis under the Second Schedule of income-tax law effective next assessment year. Amendment revises interest computation under the Second Schedule by substituting annual percentage rates with rates expressed for every month or part of a ... Summary
Amendment to interest computation changes periodic interest basis under the Second Schedule of income-tax law effective next assessment year.
Amendment revises interest computation under the Second Schedule by substituting annual percentage rates with rates expressed for every month or part of a month, affecting rule 60(1)(a) and rule 68A(3) and altering periodic accrual and calculation practices effective from the specified commencement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.