rounding off of TDS amount

This query is : Resolved 

15 March 2008 1] one advise is to round off to nearest rupee - as per sec 288
2] TDS chart developed by CA says round off TDS to nearest 10 rupees

pl tell me whether point 2 is correct, if so, give me section reference
my friend CA also suggested to round off to nearest 10 rupees, i am not getting section reference, pl help

i immensely thank CAs for quick respone on my previous service tax and TDS query

awaiting your response

15 March 2008 As per section 288B, any amount payable or refundable under the provisions of this act shall be rounded off to the nearest of Rs ten.
Act clerly states that any amount under this provision which includes TDS also hence the TDS amount should be rounded to the nearest of Rs.10
[circular No.12/40/66,dated25th January,1967]

15 March 2008 SHOULD BE ROUNDED OFF NEAREST TO RS.10/-




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