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of <h1>Tax Law Overhaul: Eighth Schedule Retroactively Removed from Income-tax Act, Transforming Fiscal Landscape</h1> The provision removes the Eighth Schedule from the Income-tax Act, retroactively effective from April 1, 1984. This amendment eliminates a specific section of the tax legislation, potentially altering previous tax provisions or reporting requirements related to that schedule. The omission suggests a legislative adjustment to the existing tax framework.
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