Stamp duty rounding rule amended: duty now rounded up to the next higher specified unit when not exact. Amendment to Schedule I, entry 47 of the Indian Stamp Act removes the words "fifteen naye paise or" from sub-entry A(1)(i) and inserts a proviso in ... Summary
Stamp duty rounding rule amended: duty now rounded up to the next higher specified unit when not exact.
Amendment to Schedule I, entry 47 of the Indian Stamp Act removes the words "fifteen naye paise or" from sub-entry A(1)(i) and inserts a proviso in sub-entry E requiring that when the total duty payable is not a multiple of the smallest specified denomination, the total shall be rounded up to the next higher multiple of that denomination.
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