rounding off of TDS amount
This query is : Resolved
15 March 2008
1] one advise is to round off to nearest rupee - as per sec 288
2] TDS chart developed by CA says round off TDS to nearest 10 rupees
pl tell me whether point 2 is correct, if so, give me section reference
my friend CA also suggested to round off to nearest 10 rupees, i am not getting section reference, pl help
i immensely thank CAs for quick respone on my previous service tax and TDS query
awaiting your response
2] TDS chart developed by CA says round off TDS to nearest 10 rupees
pl tell me whether point 2 is correct, if so, give me section reference
my friend CA also suggested to round off to nearest 10 rupees, i am not getting section reference, pl help
i immensely thank CAs for quick respone on my previous service tax and TDS query
awaiting your response
15 March 2008
As per section 288B, any amount payable or refundable under the provisions of this act shall be rounded off to the nearest of Rs ten.
Act clerly states that any amount under this provision which includes TDS also hence the TDS amount should be rounded to the nearest of Rs.10
[circular No.12/40/66,dated25th January,1967]
Act clerly states that any amount under this provision which includes TDS also hence the TDS amount should be rounded to the nearest of Rs.10
[circular No.12/40/66,dated25th January,1967]
15 March 2008
SHOULD BE ROUNDED OFF NEAREST TO RS.10/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
