Post Office Monthly Income Account interest amended to 9% per annum for deposits made on or after 1 March 2002. The amendment revises rule 8(1) of the Post Office (Monthly Income Account) Rules, 1987 by narrowing clause (f) to deposits made 'the 1st day of March 2001 but before the 1st day of March, 2002' and inserting clause (g) to prescribe an interest rate of 9 per cent per annum for deposits made on or after the 1st day of March, 2002; the rules commence on publication in the Official Gazette.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Post Office Monthly Income Account interest amended to 9% per annum for deposits made on or after 1 March 2002.
The amendment revises rule 8(1) of the Post Office (Monthly Income Account) Rules, 1987 by narrowing clause (f) to deposits made "the 1st day of March 2001 but before the 1st day of March, 2002" and inserting clause (g) to prescribe an interest rate of 9 per cent per annum for deposits made on or after the 1st day of March, 2002; the rules commence on publication in the Official Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
