Section 11 amendment adds deposits with the Industrial Development Bank of India as a specified clause in tax law. The Finance Act, 1984 inserts clause (xi) into subsection (5) of section 11, expressly including deposits with the Industrial Development Bank of India ... Summary
Section 11 amendment adds deposits with the Industrial Development Bank of India as a specified clause in tax law.
The Finance Act, 1984 inserts clause (xi) into subsection (5) of section 11, expressly including deposits with the Industrial Development Bank of India within the enumerated permissible deposits under that provision, with effect from 1 April 1985.
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