Rounding of tax amounts: fractional currency is adjusted to the nearest rupee, streamlining payable and refundable sums. Amounts of tax, interest, penalty, fine or any other sum payable, and refunds or other sums due, must be rounded to the nearest rupee; fractional paise of ... Summary
Rounding of tax amounts: fractional currency is adjusted to the nearest rupee, streamlining payable and refundable sums.
Amounts of tax, interest, penalty, fine or any other sum payable, and refunds or other sums due, must be rounded to the nearest rupee; fractional paise of fifty paise or more are increased to one rupee and fractional paise less than fifty paise are ignored.
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