Income-tax Act, 1961
Section - 44DB - Special provision for computing deductions in the case of business reorganization of co-operative banks
Special provision for computing deductions in the case of business reorganization of co-operative banks.44DB. (1) The deduction under section 32, section 35D, section 35DD or section 35DDA shall, in a case where business reorganisation of a co-operative bank has taken place during the financial year, be allowed in accordance with the provisions of this section.(2) The amount of deduction allowable to the predecessor co-operative bank under section 32, section 35D, section 35DD or section 35DDA shall be determined in accordance with the formula-
| A - | B | |||
| C |
| where | A = | the amount of deduction allowable to the predecessor co-operative bank if the business reorganisation had not taken place; |
| B = | the number of days comprised in the period beginning with the 1st day of the financial year and ending on the day immediately preceding the date of business reorganisation; and | |
Google Play store
Featured
27 May 2026
Lead Conversion Executive / Sales Closing ExecutiveSMJ global advisors pvt ltd New Delhi B.Com View Details
ARTICLESHIP
28 May 2026
Accounts, Audit & Compliance ExecutiveShyam Joshi & Associates Pune B.Com View Details
22 May 2026
U.S. Financial Reporting & Consolidation ManagerKaria Overseas Ahmedabad CA View Details
26 May 2026
Senior Accountant cum purchase ManagerVardhaman Group of India Pimpri Chinchwad CA Inter View Details |
CAclubindia
