Bare ActsIncome-tax Act, 2025

Section 150

Interpretation for purposes of section 149.--

Amendment status not verified — confirm the current text below against the official source.

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.

Section 150 – Income-tax Act, 2025 | DailyLaw.ai