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[Cites 0, Cited by 0] [Section 516] [Entire Act]

Union of India - Subsection

Section 516(b) in The Income Tax Act, 2025

(b)such amount shall be reduced to the next lower amount which is a multiple of ten, if the last figure is less than five, and the amount so rounded off shall be deemed to be the total income of the assessee or the amount payable or refundable, as the case may be, under this Act.