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I tax demand of rs 10/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2013 Recently we have received intimation u/s143(1) showing demand of Rs.10/-from CPC.
it is observed that CPC has rounded of the tax amount by rs. 10.

Is it required to pay such a small amount which is result of rounding of a sum.?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 July 2013 Please pay the amount. Rounding off is mandatory as per section 288B of the Income tax Act,1961.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2013 Thank you Sir.
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