Section 44D: Rounding off of tax, etc.

The Wealth-Tax Act, 1957Central Act · Act 27 of 1957

[Rounding off of tax, etc.

The amount of wealth-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.]

Where this provision sits

Act	The Wealth-Tax Act, 1957
Section	44D
Marginal note	Rounding off of tax, etc.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

inserted. Inserted by the Taxation Laws (Amendment) Act, 1970, w.e.f. 1-4-1971.

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