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The Central Government fixes the interest rate at 9.5 percent for the purpose of clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961. This rate takes effect from the 1st day of September, 2010. This notification supersedes the earlier notification number S.O. 2091(E), dated the 26th August, 2010.
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TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (II)
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 13th May, 2011
Notification [INCOME- TAX]
S.O.1046(E).– In exercise of the powers conferred by clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961 (43 of 1961), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2091(E), dated the 26th August, 2010, the Central Government hereby fixes, with effect from the 1st day of September, 2010, 9.5 per cent., as the rate referred to in the said clause.
[Notification No. 24/2011/F.No.142/14/2010-SO (TPL)]
(Vivek Anand Ojha) Under Secretary to the Government of India
