Section 84 - Applicability of revised rate of interest - Taxation Laws (Amendment) Act, 1984

CHAPTER VIII MISCELLANEOUS 84. Applicability of revised rate of interest. For the removal of doubts, it is hereby declared that where interest is payable under (a) any provision of the Income-tax Act, 1961 (43 of 1961) referred to in section 24 of this Act; or (b) section 31 or section 34A of the Wealth-tax Act, 1957 (27 of 1957); or (c) section 32 or section 33A of the Gift-tax Act 1958 (18 of 1958); or (d) sections 7B to 7D and section 18 of the Companies (Profits) Surtax Act, 1964 (7 of 1964); or (e) section 21 of the Interest-lax Act, 1974 (45 of 1974), in respect of any period commencing on or before the 30th day of September, 1984 and ending after that date, such interest shall, in respect of so much of such period as falls after that date, be calculated at the rate of fifteen per cent. per annum. R. V. S. PERI SASTRI, Secy. to the Govt. of India.