https://www.taxtmi.com/acts?id=46746 The amendment expands deduction eligibility to include non-scheduled banks by inserting a definition of non-scheduled bank and updating the Explanation; it also creates a conditional deduction for a special reserve created by scheduled banks (excluding banks incorporated under foreign laws) for overseas operations, limited to a proportion of total income computed before Chapter VI-A deductions and subject to Central Government approval based on capital structure, extent of overseas operations, resource needs and other relevant factors. en-us Mon, 30 Dec 2024 14:08:02 +0530 Mon, 30 Dec 2024 14:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46746 The amendment expands deduction eligibility to include non-scheduled banks by inserting a definition of non-scheduled bank and updating the Explanation; it also creates a conditional deduction for a special reserve created by scheduled banks (excluding banks incorporated under foreign laws) for overseas operations, limited to a proportion of total income computed before Chapter VI-A deductions and subject to Central Government approval based on capital structure, extent of overseas operations, resource needs and other relevant factors. Act-Rules F. Acts / Amendment Acts Mon, 30 Dec 2024 14:08:02 +0530 https://www.taxtmi.com/acts?id=46746