Rounding off rules

What is rule or law for Rounding off in India especially for retail billing? for example 10.49 INR & 10.51 INR. How to do rounding which should be legally acceptable

Originally posted by : Sameer Gadam
	What is rule or law for Rounding off in India especially for retail billing? for example 10.49 INR & 10.51 INR. How to do rounding which should be legally acceptable

10.49 to 10

10.51 to 11... if both are/in Grand Total.

Thats very much true. I am in need of copy mentioning same to provide as supporting or evidence during hearing.

Originally posted by : Sameer Gadam
	Thats very much true. I am in need of copy mentioning same to provide as supporting or evidence during hearing.

https://www.rbi.org.in/commonman/English/Scripts/Notification.aspx?Id=241