Anand (Engineer) (24 Points)
29 September 2011Hi,
I had efiled my ITR-2 for AY2011-12. Recently, I received an intimation from CPC, Bangalore. There is a difference between the tax calculation in my filed return and as computed under Sec 143(1). The net payable is shown as10
Can someone tell me what I should do? Should I pay this tax online? Should I also file a revised return?
Thanks,
Anand
Mihir
(Wealth Manager)
(5293 Points)
Replied 29 September 2011
288B. Any amount payable, and the amount of refund due, under the provisions of this Act shall be rounded off to the nearest multiple of ten rupees and for this purpose any part of a rupee consisting of paise shall be ignored and thereafter if such amount is not a multiple of ten, then, if the last figure in that amount is five or more, the amount shall be increased to the next higher amount which is a multiple of ten and if the last figure is less than five, the amount shall be reduced to the next lower amount which is a multiple of ten.
ARUN KUMAR
(Financial Consultant )
(992 Points)
Replied 29 September 2011
AGREE WITH MIHIR , BUT IF YOU HAVE GET MORE DIFFRENCE THAN CLEARLY STATED.
Gavin
(B.Com)
(40 Points)
Replied 02 July 2013
| Originally posted by : Anand | ||
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Dear Anand Can you please tell me what have you done in your case. I am facing a similar issue. Although I know u/s 143 (1) of income tax act any amt less than Rs100 is not required to be paid. |
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