Query on TDS-Non Salary cases

Provisions of TDS are governed by Income Tax Act, 1961 and further Taxation Laws Amendment Act, 2006 modified Sec. 288B of Income Tax Act, which states that

 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.”. 

that automatically includes TDS Provisions.

YES GO WITH MR. ARORA

REGARDS

Originally posted by : LOVE ARORA
	Provisions of TDS are governed by Income Tax Act, 1961 and further Taxation Laws Amendment Act, 2006 modified Sec. 288B of Income Tax Act, which states that    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.”.  that automatically includes TDS Provisions.

Quite Right. But we can learn a lot  from that notice to file the tds returns more accurately.