https://www.taxtmi.com/article/detailed?id=11177 Proposal to dispense with statutory rounding to the nearest multiple of ten and instead uniformly ignore paise at all stages of income and tax computation to simplify manual and computerized calculations. The note explains that current rules first ignore paise and then round the rupee amount to the nearest ten, applies rounding only to total income and total tax/refund (not subcomponents), shows illustrative examples of small per transaction differences, and highlights reconciliation difficulties that may arise between taxpayer records and departmental reports. en-us Tue, 07 Mar 2023 11:09:22 +0530 Tue, 07 Mar 2023 11:09:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11177 Proposal to dispense with statutory rounding to the nearest multiple of ten and instead uniformly ignore paise at all stages of income and tax computation to simplify manual and computerized calculations. The note explains that current rules first ignore paise and then round the rupee amount to the nearest ten, applies rounding only to total income and total tax/refund (not subcomponents), shows illustrative examples of small per transaction differences, and highlights reconciliation difficulties that may arise between taxpayer records and departmental reports. Articles Other Topics Tue, 07 Mar 2023 11:09:22 +0530 https://www.taxtmi.com/article/detailed?id=11177