Relief under section 89 to be included in tax computation, making amended computation provisions effective retrospectively for affected assessment years. Proposed amendments require that tax liability be computed after allowing the relief under section 89, so that existing computation and interest ... Summary
Relief under section 89 to be included in tax computation, making amended computation provisions effective retrospectively for affected assessment years.
Proposed amendments require that tax liability be computed after allowing the relief under section 89, so that existing computation and interest provisions explicitly accommodate credit for this relief; the amendments operate retrospectively and apply to earlier assessment years to address hardship for eligible taxpayers.
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