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WebThe deductibility of a loss or outgoing comprising interest under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) (formerly subsection 51(1) of the Income Tax Assessment Act 1936) depends upon satisfying the words of the section, that is, being able to show that the loss or outgoing (or the part of the loss or outgoing in an appropriate … WebIn this video, we break down everything you need to know about Section 80C of the Income Tax Act and how you can use it to maximize your tax savings. From un... define suleiman the magnificent
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