The Assam Taxation (Procedure for Rounding Off) Act, 1971
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ASSAM ACT XVIII OF 1971

THE ASSAM TAX/~TIO;-.l (PROCEDURE FOR ROUNlJlNJ ,JFl·;;

ACT, 1971

(As passed by the A&sembly)

(Received the assent of the Governor on the 28th June, 1971)

[Published in the Assam Gazette Extraordinary, dated the 2nd July, 1971 I

An

Act

_to_ _provide_ _for_ _the_ _sunplification_ _of_ _the_ _procedure of calculation_ _of taxes,_ _penalties,_
_interest,_ _refunds,_ _rebates,_ _etc., under certain_ _laws_ _of_ _the_ _State_ _of Assam_

Pre .. mble. Whereas it is expedient that the amount of tax,
penalty, fee or ether dues payable under certain
taxation laws of the State of Assam and the amount
of refund, rebate, set-off or draw-back under the
said laws calculated in accordance with lhe provision
of the said laws is rounded c..IT tu tht: nearest rupee;

### It is herebyJ enacted in the Twenty-second Year
of the Republic of India as follows: --

Sh . 1 l.(l} This Act may be called rhe Assam Taxation

e~~tot t~tn~ (Procedure for Rounding off) Act, 1971.

commence·

ment. (2) It extends to the whole of the State of Assam.

l3) It sha ll come into force at once.

Procedure 2.(1) Notwithstanding anything contained in ;iny

for roundingof the taxation laws me·1tioned in the Schedule to
off. this Act, where the a mount of tax, penalty, interest,
fee or ether dues payable by a i:;crson or the

amount of refund; rebate, set-off or draw ·back due
to a person on any single occasion and arrived at in
accordance with any provision cf such law is not a
multiple of a rupee, the said amount shall be rounded
off to the nearest multiple of a rupee and the amount
arived at after such rounding off shall be deemed
to be the amount due from or, as the case may be,
due to sueh person in accordance with such provision
and <:ll the provision :; of mch L:·..v shall apply

accordingly.

Explanation 1:-\Vhere the ai.~ount to be rounded

off is exactly half of a rupee, the amount shall be
rounded off to a rupee.


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