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    <title>Interest -tax Act:1974: Exemption to State co-operative banks interest-tax</title>
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    <description>The Central Government, exercising power under section 28 of the Interest-tax Act, exempts State co-operative banks (as defined in the Reserve Bank of India Act) from interest-tax on income from interest on borrowings of central co-operative banks that qualify for rebate under the scheme, making the exemption contingent on rebate qualification and limited to the period and categories specified in the notification.</description>
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      <description>The Central Government, exercising power under section 28 of the Interest-tax Act, exempts State co-operative banks (as defined in the Reserve Bank of India Act) from interest-tax on income from interest on borrowings of central co-operative banks that qualify for rebate under the scheme, making the exemption contingent on rebate qualification and limited to the period and categories specified in the notification.</description>
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      <pubDate>Sat, 15 May 1976 00:00:00 +0530</pubDate>
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