how To Round Off Total Income Before Computing Tax Liability?

1.	how To Round Off Total Income Before Computing Tax Liability?
Answer» As per section 288A, TOTAL income computed in accordance with the provisions of the Income-tax Law, SHALL be rounded off to the NEAREST multiple of ten. Following points should be kept in mind while ROUNDING off the total income First any part of rupee consisting of any paisa should be ignored. As per section 288A, total income computed in accordance with the provisions of the Income-tax Law, shall be rounded off to the nearest multiple of ten. Following points should be kept in mind while rounding off the total income First any part of rupee consisting of any paisa should be ignored.

Answer»

As per section 288A, TOTAL income computed in accordance with the provisions of the Income-tax Law, SHALL be rounded off to the NEAREST multiple of ten. Following points should be kept in mind while ROUNDING off the total income First any part of rupee consisting of any paisa should be ignored.

As per section 288A, total income computed in accordance with the provisions of the Income-tax Law, shall be rounded off to the nearest multiple of ten. Following points should be kept in mind while rounding off the total income First any part of rupee consisting of any paisa should be ignored.

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