Section 44DB: Deductions for Co-op Banks in Reorganization, Covering Sections 32, 35D, 35DD, 35DDA Explained

Section 44DB outlines the method for computing deductions for co-operative banks undergoing business reorganization, such as amalgamation or demerger. It specifies how deductions under sections 32, 35D, 35DD, and 35DDA should be calculated for both the predecessor and successor banks. The deductions are apportioned based on the number of days before and after the reorganization within the financial year. The successor bank continues to receive deductions in subsequent years as if the reorganization had not occurred, ensuring continuity in tax benefits.