Rounding off of tax etc

The amount of tax in respect of each payment for admission, 2[x x x]2 3[x x x]3 fine, penalty, or any other amount payable and the amount of refund due, under the provisions of this Act, shall be rounded off 4[to the next higher multiple of five paise]4.]1

¹ Inserted by Act 36 of 1976 w.e.f. 1.4.1976

² Omitted by Act 18 of 1997 w.e.f. 20.9.1997.

³ Omitted by Act 13 of 1982 w.e.f. 1.7.1982.

⁴ Substituted by Act 5 of 1981 w.e.f. 4.4.1981.