THE ASSAM TAXATION (PROCEDURE FOR ROUNDING OFF) ACT, 1971

{
    "id": 3338,
    "slug": "assam-taxation-procedure-for-rounding-off-act-1971",
    "title": "THE ASSAM TAXATION (PROCEDURE FOR ROUNDING OFF) ACT, 1971",
    "short_title": "The Assam Taxation (Procedure for Rounding Off) Act, 1971",
    "act_number": "XVIII",
    "act_year": 1971,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "unknown",
    "enactment_date": "1971-06-28",
    "description": "The Assam Taxation (Procedure for Rounding Off) Act, 1971",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "An ACT",
            "chapter": null,
            "content": "An Act to provide for the simplification of the procedure of calculation of taxes, penalties, interest, refunds, rebates, etc., under certain laws of the State of Assam",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "Preamble",
            "chapter": null,
            "content": "Whereas it is expedient that the amount of tax, penalty, fee or other 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 the provision of the said laws is rounded off to the nearest rupee;\nIt is hereby enacted in the Twenty-second Year of the Republic of India as follows:-",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "1",
            "title": "Section 1. Short title, extent and commencement.",
            "chapter": null,
            "content": "Short title, extent and commencement.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "1",
            "title": "Section 1(1)",
            "chapter": null,
            "content": "This Act may be called the Assam Taxation (Procedure for Rounding off) Act, 1971.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "1",
            "title": "Section 1(2)",
            "chapter": null,
            "content": "It extends to the whole of the State of Assam.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 40
        },
        {
            "number": "1",
            "title": "Section 1(3)",
            "chapter": null,
            "content": "It shall come into force at once.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 50
        },
        {
            "number": "2",
            "title": "Section 2. Procedure for rounding off.",
            "chapter": null,
            "content": "Procedure for rounding off.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 60
        },
        {
            "number": "2",
            "title": "Section 2(1)",
            "chapter": null,
            "content": "Notwithstanding anything contained in any of the taxation laws mentioned in the Schedule to this Act, where the amount of tax, penalty, interest, fee or other dues payable by a person 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 of 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 such person in accordance with such provision and all the provisions of such law shall apply accordingly.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 70
        },
        {
            "number": "2",
            "title": "Explanation to Section 2(1)",
            "chapter": null,
            "content": "Explanation I:-Where the amount to be rounded off is exactly half of a rupee, the amount shall be rounded off to a rupee.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 80
        }
    ],
    "metadata": {
        "Act ID": "197118",
        "Act Number": "XVIII",
        "Enactment Date": "1971-06-28",
        "Act Year": "1971",
        "Short Title": "The Assam Taxation (Procedure for Rounding Off) Act, 1971",
        "Department": "Legislative Department, State of Assam",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:52:18"
}