Notification No. 3/FTT/94 Date 12/08/1994

Prescribes 20% as the rate of interest under section 35 A (1) of Finance Act, 1979 (21 of 1979).
G.S.R. 634 (E),- In exercise of the powers conferred by sub-section (1) of section 35 A of the Finance Act, 1979 (21 of 1979), the Central Government hereby specifies the rate of interest at twenty per cent per annum for the purposes of the said sub-section.

Under Secretary to the Government of India

[F. No. 311/4/92-FTT]

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