https://www.taxtmi.com/article/detailed?id=5384 The core dispute concerns whether partial months must be treated as full months when computing interest for delayed deduction and payment of tax: some contend interest should be calculated from the date of deduction to the date of payment converted into months so short delays yield a single month, while administrative procedure provides that any fraction of a month in a period counted for monthly interest shall be deemed a full month, producing greater interest liability. en-us Tue, 10 Dec 2013 08:07:06 +0530 Tue, 10 Dec 2013 08:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5384 The core dispute concerns whether partial months must be treated as full months when computing interest for delayed deduction and payment of tax: some contend interest should be calculated from the date of deduction to the date of payment converted into months so short delays yield a single month, while administrative procedure provides that any fraction of a month in a period counted for monthly interest shall be deemed a full month, producing greater interest liability. Articles Income Tax Tue, 10 Dec 2013 08:07:06 +0530 https://www.taxtmi.com/article/detailed?id=5384