Dear Sir
for this FY my tax liability is Rs 3134/-.Can i round it off to Rs 3100/- or i have to pay Rs 3200/-. Pl confirm.
thanking you
B S Dwarakanath
B S Dwarakanath (manager) (81 Points)
04 March 2014Dear Sir
for this FY my tax liability is Rs 3134/-.Can i round it off to Rs 3100/- or i have to pay Rs 3200/-. Pl confirm.
thanking you
B S Dwarakanath
CA Shivshankar Gupta
(B.Com CS FCA LLB DISA )
(325 Points)
Replied 04 March 2014
moulali
(student)
(735 Points)
Replied 04 March 2014
| Originally posted by : B S Dwarakanath | ||
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Dear Sir for this FY my tax liability is Rs 3134/-.Can i round it off to Rs 3100/- or i have to pay Rs 3200/-. Pl confirm. thanking you B S Dwarakanath |
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the net tax liability should be rounded off to nearest multiple of 10
for your case net tax liability ( Rounded off) U/S. 288B Rs.3130.00
Rupesh Soni
(Taxation Consultant & CA final student)
(493 Points)
Replied 04 March 2014
NET TAX LIABLITY ROUNDOFF TO NEAREST 10 RS...HERE RS.3130/- U/S 288B
(AFTER DEDUCTING TDS /ADV INCOME TAX )
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