Interest exemption for deposits with housing and urban development authorities expands to cover deposits with specified public authorities. An amendment adds a provision treating interest on deposits with any authority constituted in India by or under law enacted for housing accommodation or ... Summary
Interest exemption for deposits with housing and urban development authorities expands to cover deposits with specified public authorities.
An amendment adds a provision treating interest on deposits with any authority constituted in India by or under law enacted for housing accommodation or for planning, development or improvement of cities, towns and villages as falling within the section's coverage of interest on deposits with specified statutory authorities.
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