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Amendment to Section 80P(2)(a)(i) Explores Tax Deductions for Entities Providing Banking Services Without Proper Licenses.

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Full Text of the Document

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....Deduction u/s 80P(2)(a)(i) – Effect of amendment - banking or credit facilities to its members - Whether the Assessee is a co-operative bank or not - If licence is not obtained it may be an illegal banking business under the other statute - exemption allowed - AT....

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