Section 23:
Interest-tax not payable.
Notwithstanding anything contained in the Interest-tax
Act, 1974 (45 of 1974), no Regional Rural Bank shall be liable to pay any tax under that Act.
21/1976 - The Regional Rural Banks Act, 1976 ▶
Act Number: 21
Act Name: The Regional Rural Banks Act, 1976
Year: 1976
Enactment Date: 1976-02-09
Long Title: An Act to provide for the incorporation, regulation and winding up of Regional Rural Banks with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs, and for matters connected therewith and incidental thereto.
Ministry: Ministry of Finance
Department: Department of Financial Services