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of <h1>Income Tax Bill 2025: Clause 65 Details Deductions for Co-op Bank Reorganizations Under Sections 33, 44, 52(1)</h1> Clause 65 of the Income Tax Bill, 2025, outlines special provisions for computing tax deductions during the business reorganization of co-operative banks. It specifies how deductions under sections 33, 44, or 52(1) should be calculated for predecessor and successor entities using a formula based on the reorganization date within the tax year. The section defines key terms such as amalgamation, demerger, conversion, and the roles of predecessor, successor, amalgamating, amalgamated, demerged, and resulting co-operative banks. The provisions ensure continuity of deductions post-reorganization as if the reorganization had not occurred.
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