RULE 42 INCOME-TAX RULES 2026 Special provision regarding interest on bad and doubtful debt of specified financial institution.
RULE 42 INCOME-TAX RULES 2026 RULE 42 INCOME-TAX RULES 2026 Special provision regarding interest on bad and doubtful debt of specified financial institution. 42. (1) The provisions of section 56 shall apply in the case of every public financial institution, scheduled bank, State Financial Corporation and State Industrial Investment Corporation, if its income from interest is… Read More »