Section 150 Income Tax Act 2025
Interpretation for purposes of section 149.
150. For the purposes of section 149,—
| (a) | | “consumers’ co-operative society” means a society for the benefit of the consumers; |
| (b) | | “primary agricultural credit society” has the same meaning as assigned to it in Part V of the Banking Regulation Act, 1949 (10 of 1949); and |
| (c) | | “primary co-operative agricultural and rural development bank” means a society having an area of operation confined to a taluk, the principal object of which is to provide long-term credit for agricultural and rural development activities. |