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of <h1>Income Tax Act requires rounding payable or refundable amounts to nearest ten rupees, ignoring paise for uniformity</h1> Amounts payable or refundable under the Income Tax Act must be rounded to the nearest multiple of ten rupees. Paise are disregarded, and if the last digit of the amount is five or more, it is rounded up to the next multiple of ten; if less than five, it is rounded down to the previous multiple of ten. This provision ensures uniformity in the calculation of tax liabilities and refunds by eliminating fractional rupee values.
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