Rounding of tax amounts to the nearest rupee; fractional paise at or above the midpoint round up. Monetary entries for tax, interest, penalty, fine, refund and other sums must be rounded to the nearest rupee; fractional paise at or above the midway point of a rupee are rounded up, and fractional paise below that midpoint are ignored, applying uniformly to amounts payable and amounts due under the Act.
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Provisions expressly mentioned in the judgment/order text.
Rounding of tax amounts to the nearest rupee; fractional paise at or above the midpoint round up.
Monetary entries for tax, interest, penalty, fine, refund and other sums must be rounded to the nearest rupee; fractional paise at or above the midway point of a rupee are rounded up, and fractional paise below that midpoint are ignored, applying uniformly to amounts payable and amounts due under the Act.
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