Let me know whether TDS is to Rounded off to nearest Rs. 10/- while accounting for each & every Bill. Say we recd 10 bills from one party, TDS involvement is as follows : 1.92, 5.67, 597.33; let me know if TDS for each bill we need to R/off say as Rs. 10, 10, 600 or if we need to R/off only the final amount which is to be deposited to Govt in a month
Menu
Rounding off fule of TDS
Replies (2)
As such the rule applies for each bill separately.
Not for each bill,
it's in totality
it's in totality
Recent Topics :
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
Related Topics :
CAclubindia
