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Special provision in case of interest income of specified financial institutions.

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Full Text of the Document

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....bts of a specified financial institution shall be chargeable to tax under the head "Profits and gains of business or profession" in the tax year in which such interest is- (a) credited to the profit and loss account; or (b) actually received, whichever is earlier. (2) In this section,-- (a) "specified financial institution" means-- (i) a public financial institution; or (ii) a schedule....

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