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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Bank branch classification as ‘Rural’ or ‘Urban’ – ...

Case Laws     Income Tax

August 24, 2013

Bank branch classification as ‘Rural’ or ‘Urban’ – Classification as per RBI guidelines or Income Tax provisions - Overriding effect - A place includes a ward of a Gram Panchayat whose population is less than ten thousand and which may be a part of a panchayat whose population may be more than ten thousand as per 1990-91 census, provided the ward branch is notified as a rural branch by RBI - AT

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