Rounding of tax amounts: payable and refundable sums are rounded to nearest rupee; paise at or above half rupee up. Amounts payable or refundable under the Act, including tax, interest, penalty, fine and other sums, are rounded to the nearest rupee: paise equal to or ... Summary
Rounding of tax amounts: payable and refundable sums are rounded to nearest rupee; paise at or above half rupee up.
Amounts payable or refundable under the Act, including tax, interest, penalty, fine and other sums, are rounded to the nearest rupee: paise equal to or exceeding half a rupee are increased to the next rupee, and paise less than half a rupee are ignored.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
