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of <h1>New Tax Deduction Rules for Co-op Bank Mergers under Clause 65 and Section 44DB to Ensure Fair Transitions</h1> Clause 65 of the Income Tax Bill, 2025, and Section 44DB of the Income-tax Act, 1961, establish guidelines for computing tax deductions during the reorganization of co-operative banks. These provisions aim to facilitate seamless transitions in mergers, demergers, or conversions by ensuring equitable tax treatment between predecessor and successor entities. They define key terms and emphasize the transfer of assets and liabilities at book value, promoting fairness and reducing disputes. The provisions align with global tax frameworks but are tailored to address the unique challenges of India's co-operative banking sector, supporting its stability and growth.
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