https://www.taxtmi.com/acts?id=6527 Rule prescribes that interest computations use specific rounding conventions: annual-basis periods are rounded down to whole months with fractions ignored; month-or-part-month computations treat any fraction as a full month; and the tax, penalty or other sum serving as the interest base is rounded to the nearest multiple of one hundred rupees with fractions ignored, the rounded figures being deemed operative for interest calculation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 18 Sep 2012 16:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6527 Rule prescribes that interest computations use specific rounding conventions: annual-basis periods are rounded down to whole months with fractions ignored; month-or-part-month computations treat any fraction as a full month; and the tax, penalty or other sum serving as the interest base is rounded to the nearest multiple of one hundred rupees with fractions ignored, the rounded figures being deemed operative for interest calculation. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6527