Securities transaction tax rounding rules require taxable amounts, tax, interest, penalty and refunds be rounded to nearest rupee. The value of a taxable securities transaction and the amounts of securities transaction tax, interest, penalty payable, and refunds due shall be rounded to the nearest rupee; where an amount contains paise, fifty paise or more is increased to one rupee and less than fifty paise is ignored.
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Securities transaction tax rounding rules require taxable amounts, tax, interest, penalty and refunds be rounded to nearest rupee.
The value of a taxable securities transaction and the amounts of securities transaction tax, interest, penalty payable, and refunds due shall be rounded to the nearest rupee; where an amount contains paise, fifty paise or more is increased to one rupee and less than fifty paise is ignored.
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