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Gift-tax Act, 1958 [Cease to Have Effect on or After the 01.10.1998] Section 44B - Bare Act

StateCentral Government
Year
Section TitleRounding off of Tax, Etc
Act Info:

The amount of gift-tax, interest, penalty, fine or any other sum payable, and the amount of refund due, under the provisions of this 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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