Amendment status not verified — confirm the current text below against the official source.
In the Assam Agticultural Income Tax Act, 1939, Assam hereinafter referred to as the principal Act, for the Act-IX existing section 32, the following shall be of 1939. substituted, namely :- "32. Tax and interest to be calculated to the 1,. nearest multiple of rupees ten. -- In the determination of the amount of Ag.ricultural Income Tax, interest or a refund payable under this Act, if the amount is not a multiple of rupees ten, it shall be rounded off to the nearest multiple of ten rupees and, while calculating to achieve this purpose, if the total tax, interest or refund, as the case may be, contains a part of rupees ten which / THE ASSAM GAZETTE. EXTRAORDINARY. JUNE 1. 1999 539 is amounting to rupees five or more, it shall be rounded off to the next higher multiple of rupees ten and, if such part is less than rupees five it shall be ignored."