Menu
My queries If My net tax payable amt is Rs .70201,but I clerical mistake to pay an amt RS.70200.
can you explain me about Round off income tax payable section 288b ?
Replies (3)
Nothing to worry...
As per Income Tax R.Off Your Paid amount is correct. No more problems.
Round Off will be near by 10, As per Your tax liability Rs. 70200/-
As per Income Tax R.Off Your Paid amount is correct. No more problems.
Round Off will be near by 10, As per Your tax liability Rs. 70200/-
As per section 288B , Round off tax will be Rs 70200/-
You have rightly paid the tax.
You have rightly paid the tax.
Not an Issue...As per Section 288B of the income tax act, the total tax computed shall be rounded off to the nearest Rs 10.
Recent Threads
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
Related Threads
CAclubindia
