Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Deductibility under section 43B now covers payments to specified co-operative banks, subject to exclusion of primary agricultural societies. The amendment treats payments to a co-operative bank, except primary agricultural credit societies and primary co-operative agricultural and rural ... Summary
Deductibility under section 43B now covers payments to specified co-operative banks, subject to exclusion of primary agricultural societies.
The amendment treats payments to a co-operative bank, except primary agricultural credit societies and primary co-operative agricultural and rural development banks, as satisfying the requirement for payments to a scheduled bank for deduction purposes, and adds an explanatory clause importing the meanings of those terms from the Explanation to sub section (4) of the related provision.
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