In section 201 of the Income-tax Act, in sub-section (1A), for the words "twelve per cent. per annum", the words "one per cent. for every month or part of a month" shall be substituted with effect from the 1st day of April, 2008.
Finance Act 2007 Section 59 - Bare Act |
| State | Central Government |
| Year | 2007 |
| Section Title | Amendment of Section 201 |
Act Info: