Provision for Bad and Doubtful Debts in case of banks - limit of 7.5% enhanced to 8.5% - Budget 2017-18 w.e.f. AY 2018-19

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Full Text of the Document

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....he provisions of sub-clause (a) of clause (viia) of subsection (1) of the said section, inter alia, provide that a scheduled bank (not being a bank incorporated by or under the laws of a country outside India) or a non-scheduled bank or a co-operative bank other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank, shall be allowed deduction ....