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Section 79 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
79. Rounding off of income, value of asset and tax.-
(1) The amount of undisclosed foreign income and asset computed in accordance with this Act shall be rounded off to the nearest multiple of one hundred rupees.
(2) Any amount payable or receivable by the assessee under this Act shall be rounded off to the nearest multiple of ten rupees.
(3) The method of rounding off under sub-section (1) or sub-section (2), shall be such as may be prescribed.
Related Sections
Related Acts
- National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019
- National Institutes of Food Technology, Entrepreneurship and Management Act, 2021
- Bilateral Netting of Qualified Financial Contracts Act, 2020
- Repealing and Amending Act, 2019
- National Commission for Backward Classes (Repeal) Act, 2018
* Only for reference.