https://www.taxtmi.com/acts?id=6615 Central Government may, by notification and subject to any specified conditions, exempt any credit institution or class of credit institutions or interest on any category of loans or advances from interest-tax where it is necessary or expedient in the public interest or because of peculiar circumstances; such exemption may be made only on the recommendation of the relevant monetary authority. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6615 Central Government may, by notification and subject to any specified conditions, exempt any credit institution or class of credit institutions or interest on any category of loans or advances from interest-tax where it is necessary or expedient in the public interest or because of peculiar circumstances; such exemption may be made only on the recommendation of the relevant monetary authority. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6615