Income-tax Circular

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..... Sir, A question has arisen whether Regional Rural Banks (to which the provisions of the Regional Rural Banks Act, 1976, apply) can be treated as Co-operative Societies for the purpose of section .....

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..... of the Income-tax Act, 1961, will also be applicable in respect of Regional Rural Banks. In this view deductions admissible under section 80P(2)(a)(i) have to be allowed, in making income-tax assessm .....

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