https://www.taxtmi.com/acts?id=10524 Section 36 is amended to (a) include scheduled banks alongside public sector companies in the Explanation defining discount for bond issuers; (b) substitute a streamlined expression housing development for prior housing-related wording in the Explanation governing special reserve deductions for eligible businesses; and (c) omit the clause allowing deduction for commodities transaction tax paid on taxable commodities transactions. The changes alter issuer scope for discount treatment, refine housing-eligibility for reserve deductions, and remove the commodity tax deduction. en-us Tue, 07 Jul 2009 15:44:57 +0530 Tue, 07 Jul 2009 17:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10524 Section 36 is amended to (a) include scheduled banks alongside public sector companies in the Explanation defining discount for bond issuers; (b) substitute a streamlined expression housing development for prior housing-related wording in the Explanation governing special reserve deductions for eligible businesses; and (c) omit the clause allowing deduction for commodities transaction tax paid on taxable commodities transactions. The changes alter issuer scope for discount treatment, refine housing-eligibility for reserve deductions, and remove the commodity tax deduction. Act-Rules Bills Tue, 07 Jul 2009 15:44:57 +0530 https://www.taxtmi.com/acts?id=10524