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<h1>Tax Deduction Rules Revamped: Stricter Compliance, Transparent Reporting, and Prevention of Dual Benefits Under Clause 122</h1> The document analyzes Clause 122 of the Income Tax Bill, 2025, and compares it with Section 80A of the Income Tax Act, 1961. It examines provisions governing deductions from gross total income, highlighting key subsections that address deduction limits, compliance requirements, transfer pricing, and prevention of dual benefits. The analysis emphasizes the evolving tax framework's focus on transparency, accurate reporting, and preventing tax avoidance through stricter regulatory mechanisms.
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