Amendment of section 44DB

In force As on 06 Oct 2026

Ministry Finance

Section 15 of the Finance Act, 2021 deals with amendment of section 44DB. Amendment of section 44DB. 15. In section 44DB of the Income-tax Act,— (a) | in sub-section (3), after the words "successor co-operative bank", the words "or to the converted banking company" shall be inserted;

Amendment of section 44DB.
15. In section 44DB of the Income-tax Act,—
(a) in sub-section (3), after the words "successor co-operative bank", the words "or to the converted banking company" shall be inserted;
(b) in sub-section (4), after the words "a successor co-operative bank", and the words "the successor co-operative bank" the words "or to a converted banking company" and the words "or to the converted banking company" shall, respectively, be inserted;
(c) in sub-section (5),—
(i) after clause (c), the following clause shall be inserted, namely:—
'(ca) "banking company" shall have the meaning assigned to it in clause (c) of section 5 of Banking Regulation Act, 1949 (10 of 1949);';
(ii) in clause (d), after the words "a co-operative bank", the words "or conversion of a primary co-operative bank" shall be inserted;
(iii) after clause (d), the following clauses shall be inserted, namely:—
'(da) "conversion" means transition of a primary co-operative bank to a banking company under the scheme of the Reserve Bank of India as notified vide its circular number DCBR. CO. LS. PCB. Cir. No. 5/07.01.000/2018-19, dated the 27th September, 2018;
(db) "converted banking company" means a banking company formed as a result of conversion from primary co-operative bank;';
(iv) in clause (h), after the words "the demerged co-operative bank", the words "or the primary co-operative bank which has been succeeded as a result of conversion" shall be inserted;
(v) after clause (h), the following clause shall be inserted, namely:—
'(ha) "primary co-operative bank" shall have the meaning assigned to it in clause (ccv) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);'.
Section 15, The Finance Act, 2021.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

Income-tax Act s. 44DB Special provision for computing deductions in the case of business reorganization of co-operative banks

Questions about Section 15

What does Section 15 of the Finance Act deal with?

Section 15 of the Finance Act is headed "Amendment of section 44DB". Amendment of section 44DB. 15. In section 44DB of the Income-tax Act,— (a) | in sub-section (3), after the words "successor co-operative bank", the words "or to the converted banking company" shall be inserted;

How do I find court cases under Section 15 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2021 15, section 15 Finance Act 2021, section 15 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 15 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 44DB (Special provision for computing deductions in the case of business reorganization of co-operative banks), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2021. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Fourth Schedule. Fourth Schedule26628 words
First Schedule. First Schedule9574 words
2. Income-tax5993 words
6. Amendment of section 103582 words
130. Substitution of new section for section 43513 words
131. Substitution of new section for section 52699 words

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(a)		in sub-section (3), after the words "successor co-operative bank", the words "or to the converted banking company" shall be inserted;
(b)		in sub-section (4), after the words "a successor co-operative bank", and the words "the successor co-operative bank" the words "or to a converted banking company" and the words "or to the converted banking company" shall, respectively, be inserted;
(c)		in sub-section (5),—

(i)		after clause (c), the following clause shall be inserted, namely:—
		'(ca) "banking company" shall have the meaning assigned to it in clause (c) of section 5 of Banking Regulation Act, 1949 (10 of 1949);';
(ii)		in clause (d), after the words "a co-operative bank", the words "or conversion of a primary co-operative bank" shall be inserted;
(iii)		after clause (d), the following clauses shall be inserted, namely:—
		'(da) "conversion" means transition of a primary co-operative bank to a banking company under the scheme of the Reserve Bank of India as notified vide its circular number DCBR. CO. LS. PCB. Cir. No. 5/07.01.000/2018-19, dated the 27th September, 2018;
		(db) "converted banking company" means a banking company formed as a result of conversion from primary co-operative bank;';
(iv)		in clause (h), after the words "the demerged co-operative bank", the words "or the primary co-operative bank which has been succeeded as a result of conversion" shall be inserted;
(v)		after clause (h), the following clause shall be inserted, namely:—
		'(ha) "primary co-operative bank" shall have the meaning assigned to it in clause (ccv) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);'.