Amendment status not verified — confirm the current text below against the official source.
Rounding olf of amount of tax, interest ot penalty' The amount oflax, interestorpenalty payable or relilnclublc lbr any period uoderthc provislons of this Act shall be roundeclofito the nearestr-LIpee and 1ix'dlls pllrposc, whelt sLLch lLnloulll contains apan ofarupee,lhen, ilsuchpart is llfiy paise orrnorc, it shalibe increlsed !o one rxp3e and ifsuch pan is less than fifty paise itshall be ignored