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<h1>Tax Assessment Overhaul: Section 234A Amended to Streamline Income Tax Calculations and Interest Determination Mechanisms</h1> The amendment modifies section 234A of the Income-tax Act, primarily addressing tax assessment and interest calculations. It updates provisions related to tax determination, including references to assessments under section 143(1), advance tax, and tax deduction at source. The changes clarify how tax on total income is calculated and interpreted for interest computation purposes, introducing new explanatory notes to provide greater precision in tax assessment and interest liability.