Miscellaneous_Provisions
Section 159 : Service of notice in certain circumstances – Miscellaneous Provisions
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Offences_And_Penalties
Section 85 : Offences and penalties – Offences And Penalties
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Section 160 : Rounding off of tax etc – Miscellaneous Provisions

Miscellaneous_Provisions

160. Rounding off of tax etc.

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 the Act shall be rounded off to the nearest rupee and, for this purpose, 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.

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