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    <title>Interest-tax Act, 1974: Exemption to State Co-operative Banks</title>
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    <description>Central Government, invoking section 28 of the Interest-tax Act, 1974 on the Reserve Bank of India&#039;s recommendation and in the public interest, exempts State Co-operative Banks (as defined in clause (f) of section 2 of the Reserve Bank of India Act, 1934 and included in its Second Schedule) from the levy of interest-tax on interest accruing or arising after 30th June, 1980.</description>
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      <description>Central Government, invoking section 28 of the Interest-tax Act, 1974 on the Reserve Bank of India&#039;s recommendation and in the public interest, exempts State Co-operative Banks (as defined in clause (f) of section 2 of the Reserve Bank of India Act, 1934 and included in its Second Schedule) from the levy of interest-tax on interest accruing or arising after 30th June, 1980.</description>
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