Modification of Change in rate of interest arising out of variation of bank rate Whether amounts to a charge envisaged under the section

Modification of Change in rate of interest arising out of variation of bank rate Whether amounts to a charge envisaged under the section https://www.taxtmi.com/circulars?id=10974 A change in the rate of interest is within the circular's scope only where the rate was fixed as a specified percentage above the bank rate and the variation results from a notified change in the bank rate; otherwise the statutory charge provisions apply and the required filing must be made unless the change directly follows a notified bank rate variation. en-us Tue, 14 Apr 1981 00:00:00 +0530 Mon, 20 Jun 2011 10:37:00 +0530 TaxTMI RSS Generator Modification of Change in rate of interest arising out of variation of bank rate Whether amounts to a charge envisaged under the section https://www.taxtmi.com/circulars?id=10974 A change in the rate of interest is within the circular's scope only where the rate was fixed as a specified percentage above the bank rate and the variation results from a notified change in the bank rate; otherwise the statutory charge provisions apply and the required filing must be made unless the change directly follows a notified bank rate variation. Circulars Companies Law Tue, 14 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10974