https://www.taxtmi.com/notifications?id=7645 A new rule provides that where repayment inclusive of interest is due but unpaid, post-maturity interest is allowed on the amount due for up to two years from maturity to repayment. The interest is simple, calculated at the savings-account rate applicable to the account type, disregards any part-months for computation, and is payable in a lump sum on repayment. The amendment also substitutes higher authoritywise sanction limits in the rules' Table and replaces the earlier monetary ceiling, with the rules to take effect on publication in the Official Gazette. en-us Thu, 16 Oct 2003 00:00:00 +0530 Mon, 28 Jul 2008 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=7645 A new rule provides that where repayment inclusive of interest is due but unpaid, post-maturity interest is allowed on the amount due for up to two years from maturity to repayment. The interest is simple, calculated at the savings-account rate applicable to the account type, disregards any part-months for computation, and is payable in a lump sum on repayment. The amendment also substitutes higher authoritywise sanction limits in the rules' Table and replaces the earlier monetary ceiling, with the rules to take effect on publication in the Official Gazette. Notifications Indian Laws Thu, 16 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=7645