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84.  Manner of determination of net present value for the purposes of sub-section (2) of section 94.-

For the purposes of sub-section (2) of section 94, the amount equal to the net present value to be paid in lieu of the deferred tax, shall be calculated in accordance with the Table and the Notes given below:-

 

                                                    TABLE

Serial No.

Period in Months between the date of actual payment and the extended date of payment

Percentage

Serial No.

Period in Months between the date of actual payment and the extended date of payment

Percentage

(1)

(2)

(3)

(1)

(2)

(3)

1

1

99.1121

164

164

38.7946

2

2

98.2321

165

165

38.4502

3

3

97.3599

166

166

38.1088

4

4

96.4955

167

167

37.7704

5

5

95.6387

168

168

37.4350

6

6

94.7896

169

169

37.1027

7

7

93.9480

170

170

36.7732

8

8

93.1138

171

171

36.4467

9

9

92.2871

172

172

36.1231

10