Rounded off Value in ITR....
This query is : Resolved
CA Manivel Manickam
(Querist)
01 September 2010
In all ITR acknowledgement and in Schedule TTI, Many Peoples get confused to put the tax rounded off figures. For Ex: If the Tax payable is Rs.9844 and the TDS is Rs.5000. Now the balance Tax payable will be 4844. But, due to rounded off, Tax payable is 4840. Where will we substitute that Rounded off fig (Rs.4)...
CMA Ramesh Krishnan
(Expert)
01 September 2010
Tax can be round off to nearest Rs.10, so while putting tax liability itself you can do the round off
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