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of <h1>Tax Law Revamp: Section 17B Amendment Clarifies Wealth Assessment Calculations and Reporting Guidelines for Taxpayers</h1> The amendment modifies section 17B of the Wealth-tax Act, primarily focusing on clarifying tax calculations and assessments. Key changes include inserting references to net wealth determination under specific subsections, modifying explanatory notes about tax payability, and adjusting provisions related to interest calculations on wealth tax assessments. The amendment aims to provide more precise guidelines for wealth tax computation and reporting.
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