Section 298 of ITA, 1961 : Section 298: Power To Remove Difficulties
ITA, 1961
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Explanation using Example
Imagine a situation where a new amendment to the Income-tax Act, 1961, has been passed, which changes the way certain tax deductions are calculated. However, the amendment's language is ambiguous, and taxpayers are confused about how to apply these changes to their tax filings. As a result, many are either not claiming the deduction correctly or are facing difficulties in calculating their taxes.
To address this confusion and ensure the smooth implementation of...
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