Rounding rule for tax amounts requires sums be rounded to the nearest whole currency unit, adjusting paise accordingly. Rounding rule requires that amounts payable or refundable under the Act, including tax, interest, penalty, fine or any other sum, be rounded to the ... Summary
Rounding rule for tax amounts requires sums be rounded to the nearest whole currency unit, adjusting paise accordingly.
Rounding rule requires that amounts payable or refundable under the Act, including tax, interest, penalty, fine or any other sum, be rounded to the nearest rupee: paise of fifty paise or more are increased to one rupee, and paise less than fifty are ignored.
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