Rule-48-I, Rate of interest for determination of discounted value of consideration (IT Rules, 1962)
Rule-48-I, Rate of interest for determination of discounted value of consideration (IT Rules, 1962)
This is a REDUNDANT RULE.
Purchase of
Immoveable
Properties under
Chapter XXC of
the Income-tax
Act, 1961 is
inoperative after 1-
7-2002
Rate of interest for determination of discounted value of consideration.
The rate of interest for determination of the discounted value of consideration under sub-clause (1) or sub-clause (2) of clause (b) of section 269UA shall be eight per cent per annum.
