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of <h1>Tax Deduction Clarification: No Double Claims for Expenses Under Section 43B Preventing Duplicate Tax Benefits</h1> The amendment modifies section 43B of the Income-tax Act, 1961, introducing a new clause regarding deductions for specific sums. It clarifies that for the assessment year starting April 1, 1988, or earlier, if a deduction is allowed in the previous year when the liability was incurred, the assessee cannot claim another deduction when the sum is actually paid. The amendment aims to prevent duplicate tax deductions for the same expense.
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