https://www.taxtmi.com/acts?id=53521 Procedure for calculating interest payable by the assessee or by the Central Government to the assessee requires rounding the relevant period according to the basis of computation. Where interest is computed on an annual basis, the period must be rounded off to whole months and any fraction of a month ignored. Where interest is computed for every month or part of a month, any fraction of a month is treated as a full month. en-us Fri, 20 Mar 2026 18:38:19 +0530 Wed, 08 Apr 2026 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53521 Procedure for calculating interest payable by the assessee or by the Central Government to the assessee requires rounding the relevant period according to the basis of computation. Where interest is computed on an annual basis, the period must be rounded off to whole months and any fraction of a month ignored. Where interest is computed for every month or part of a month, any fraction of a month is treated as a full month. Act-Rules Income Tax Fri, 20 Mar 2026 18:38:19 +0530 https://www.taxtmi.com/acts?id=53521