16 April 2015
and that rule is from starting... and its always easy to calculate things in round off dear rather than having calculations in points....
16 April 2015
ya i know.. and the only reason i found is that to easy in payment and calculation of taxes in round off.. even salary, many taxes are paid in round off in many corporates..... people found it much easy when amount seems in round off to remember, to learn....
16 April 2015
stil u not getting.. its not only for payment purpose.. its always useful to avoid hectic calculations ... presumptive tax calculatins, budgets, advance taxes...,learning...
in a simple way when ever we have to remember ten amounts having fractin or like 58 63 16569 etc etc... its tough.. and when these amounts are in round off , it became easy to use..
waise Rules are Rules, many rules are there for which there is not explanation avaiable.. but stil they are in existence
16 April 2015
OK I AGREED WITH U THAT IT IS DIFFICULT TO REMEMBER LIKE 58 63 16569
NOW PLEASE GIVE ME ANSWER OF MY QUESTION
HERE U R TALKING ABOUT ONLY ONE CONTAIN OF FINANCIAL STATEMENT I.E. INCOME TAX WHAT ABOUT OTHER CONTAIN LIKE TEA EXP., STATIONARY ...... THESE ALL MOST OF IN FRACTION I.E. 109 ,558 ETC. THEN WHAT ABOUT THIS.
CAclubindia
