Interest Subsidy Deduction Approved u/s 80IB(11A) of Income Tax Act, Enhancing Bank Profits with Reduced Rates.

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....Deduction u/s 80IB(11A) - interest subsidy - if bank has charged 12% and it got subsidy of 5%, then it had charged the rate of 7% on the profit & loss account, then it would have enhanced its profit to this extent, and therefore, this interest subsidy is to be considered as eligible for grant of deduction under section 80IB(11) of the Act. - AT....