Tds
This query is : Resolved
Srinivasan.M
(Querist)
18 October 2011
The applicability of rounding of the tds amount other than salary to the nearest ten is valid or not?
In the case of tds other than salary, the amount has been deducted to the nearest of ten and remitted, which leads to short deduction and remittances of tds, for e.g. an amount of 544.00 has been rounded of to 540.00 and remitted. The accumulation of these amount may comes to quite a big amount all over the year..
can this be negligible......?
In the case of tds other than salary, the amount has been deducted to the nearest of ten and remitted, which leads to short deduction and remittances of tds, for e.g. an amount of 544.00 has been rounded of to 540.00 and remitted. The accumulation of these amount may comes to quite a big amount all over the year..
can this be negligible......?
Preety Parik
(Expert)
18 October 2011
No, Round off of TDS Amount is not permissible. I have seen demand notice have been raised for short deduction/ payment. In the demand notice it was mentioned that rounding off difference upto Rs.100 was waived off.
Srinivasan.M
(Querist)
18 October 2011
Thank you.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
