Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961

Last updated: 23 December 2013

RBI/2013-14/412 DBOD. No.BP.BC.77/21.04.018/2013-14 December 20, 2013 The Chairmen and Managing Directors / Chief Executive Officers of all Commercial Banks (excluding Regional Rural Banks) Dear Sir, Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961 Please refer to our mailbox clarification dated November 6, 2009 with respect to the Special Reserve created by banks under Section 36(1) (viii) of Income
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