Rounding rules for tax bases and taxable amounts require standardized multiples, with prescribed method governing their application. Rounding rules require computed tax bases to be rounded to the nearest prescribed higher-denomination multiple, and amounts payable or receivable to be rounded to the nearest prescribed lower-denomination multiple, with the specific method of rounding to be prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rounding rules for tax bases and taxable amounts require standardized multiples, with prescribed method governing their application.
Rounding rules require computed tax bases to be rounded to the nearest prescribed higher-denomination multiple, and amounts payable or receivable to be rounded to the nearest prescribed lower-denomination multiple, with the specific method of rounding to be prescribed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.