Rounding off of tax: amounts payable and refunds under the Act are rounded to the nearest rupee. Amounts of tax, interest, penalty, fine or any other sum payable, and amounts of refund or any other sum due under the Act are rounded to the nearest ... Summary
Rounding off of tax: amounts payable and refunds under the Act are rounded to the nearest rupee.
Amounts of tax, interest, penalty, fine or any other sum payable, and amounts of refund or any other sum due under the Act are rounded to the nearest rupee; if the paise portion is fifty paise or more it is increased to one rupee, and if less than fifty paise it is ignored.
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