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
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Rounding off fule of TDS
Replies (2)
Quick Summary
As such the rule applies for each bill separately.
Not for each bill,
it's in totality
it's in totality
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