Amendment status not verified — confirm the current text below against the official source.
The amount of tax, interest, penalty, fine or any other sum payable, and the amount of refund or any other sum due, under the provisions of this Act shall be rounded off to the nearest rupee and, for this purpose, Service of notice in certain circumstances. Rounding off of tax etc. PUNJAB GOVT. GAZ. (EXTRA), JUNE 23, 2017 (ASAR 2, 1939 SAKA) 161 where such amount contains a part of a rupee consisting of paise, then, if such part is fifty paise or more, it shall be increased to one rupee and if such part is less than fifty paise it shall be ignored.