Regional Rural Banks Act : Regional Rural Bank to be deemed to be a co-operative society

Regional Rural Banks Act,1976

Act No : 21

Section : Regional Rural Bank to be deemed to be a co-operative society forpurpose of the Income-tax Act, 1961.

22. Regional Rural Bank to be deemed to be a co-operative society for purpose of the Income-tax Act, 1961.- For the purpose of the Income-tax Act, 1961 (43 of 1961.), or any other enactment for the time being in force relating to any tax on income, profits or gains, a Regional Rural Bank shall be deemed to be a co-operative society. ---------------------------------------------------------------------- 1. S. 20 renumbered as sub-section (1) thereof by Act 81 of 1985, s. 11 (w.e.f. 1-5-1986). 2. Subs. by Act 1 of 1988, s. 12, for certain words (w.e.f. 28-9-1988). 3. Ins. by Act 81 of 1985, s. 11 (w.e.f. 1-5-1986). 273