Rounding of tax amounts requires nearest unit rounding for payable and refundable sums under the tax law.

Rounding of monetary obligations and entitlements under the statute requires that all amounts of tax, interest, penalty, fine or any other sum payable, and all refunds or other sums due, be adjusted to the nearest rupee; fractional parts at or above the halfway point are increased to the next rupee, and fractional parts below that point are disregarded.

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