https://www.taxtmi.com/acts?id=39336 Amendment expands section 44DB to include conversion of a primary co-operative bank into a banking company within the scope of business reorganisation for apportioning specified tax deductions. It adds and defines "banking company", "conversion", "converted banking company" and "primary co-operative bank", and amends related definitions so that deductions are apportioned between the predecessor co-operative bank and the converted banking company in the same proportioning manner. The amendments operate with effect from 1st April, 2021 and apply to subsequent assessment years. en-us Mon, 01 Feb 2021 16:39:41 +0530 Thu, 04 Feb 2021 14:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39336 Amendment expands section 44DB to include conversion of a primary co-operative bank into a banking company within the scope of business reorganisation for apportioning specified tax deductions. It adds and defines "banking company", "conversion", "converted banking company" and "primary co-operative bank", and amends related definitions so that deductions are apportioned between the predecessor co-operative bank and the converted banking company in the same proportioning manner. The amendments operate with effect from 1st April, 2021 and apply to subsequent assessment years. Act-Rules Bills Mon, 01 Feb 2021 16:39:41 +0530 https://www.taxtmi.com/acts?id=39336