TDS Deduction
This query is : Resolved
Malcome M Bandya
(Querist)
07 May 2011
Dear Sir,
When we had deducted the TDS amount the amount is coming Rs. 90.20, then it is mandatory to deduct the amount in round figure e.g. Rs. 91/- as per Income tax or we will be deduct Rs. 90.20?? or any other figur Rs. 75.60 which amount we have to deduct.
Please advise
Regards,
Mal
When we had deducted the TDS amount the amount is coming Rs. 90.20, then it is mandatory to deduct the amount in round figure e.g. Rs. 91/- as per Income tax or we will be deduct Rs. 90.20?? or any other figur Rs. 75.60 which amount we have to deduct.
Please advise
Regards,
Mal
07 May 2011
You can deduct Rs. 90/- i.e. the nearest integer.
But will you please explain the logic of Rs. 75.60. How did you arrive at such odd amount.???
But will you please explain the logic of Rs. 75.60. How did you arrive at such odd amount.???
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