Tax deducted at source
This query is : Resolved
06 January 2009
Hello Everybody,
I wnt to know that what are the condition for tds rounding, means whether it is rounded near one rupee or near to ten rupee, and what is the relevant section for this.
And if the rule has been changed for rounding off the tds then please also provide the relevant circular no.or notification.
I wnt to know that what are the condition for tds rounding, means whether it is rounded near one rupee or near to ten rupee, and what is the relevant section for this.
And if the rule has been changed for rounding off the tds then please also provide the relevant circular no.or notification.
06 January 2009
Yes it should be rounded off to the nearest multiple of ten rupees.
06 January 2009
The provision will indicate the tax to be paid under this act including TDS and advance tax should be rounded off to the nearest multiple of ten rupees.
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