How to round off income tax refund

Rounding off of taxable income and tax has been prescribed under section 288A and 288B of IT act, 1961. According to section 288A you need to round off your taxable income to the nearest multiple of 10 rupees. While deriving paise should be ignored. Section 288B talks about rounding off of tax payable or refund. According to this section, any amount of tax payable or … [Read more...] about Rounding off of taxable income and tax in India