Thread started: Aug 28 2008, 10:04 AM EDT
Watch
SIR IN YOUR NOTES ABOUT AMENDEMENTS FOR AY 2008-09 YOU HAVE WRITE
"SECTION 288B: Any amount of tax liability shall be rounded off to nearest of Rs.10. For this purpose any part of a rupee in terms of paisa shall be ignored and if last figure in that amount is Rs.5 or more then amount shall be increased to next higher amount which is in multiples of Rs.10. But if last figure is less than Rs.5 then amount shall be reduced to the lower amount, which is in multiples of Rs.10. Similarly amount of TDS, advance tax, interest, penalty, fine etc shall also be rounded off in multiples of Rs.10. (w.e.f. 13/7/2006)
WHAT HAPPEND WHEN THE LAST FIGURE IS EXACTLY EQUALS TO RS.5 YOU HAVE NOT CONSIDERED THIS? WHEGTHER IT WILL TREATED 10 OR 0
1
out of
1 found this valuable.
Do you find this valuable?
Do you?
Show Last Reply
|
|
Last Reply:
RE: my query
By:
AnonymousOct 19 2008, 8:30 AM EDT
if the last figure exactly equals to rs. 5, then the amount shall be increased to next higher amount which is in multiples of rs.10
out of
found this valuable.
Do you find this valuable?
|
