Home > Income Tax Act 2025 > Section-64Last Updated: Sep 25th 2025
Section-64 provides for Special provision for computing deductions in case of business reorganisation of co-operative banks.. Learn to understand the section-64 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
where,—
A = the amount of deduction allowable to the predecessor co-operative bank, if the business reorganisation had not taken place;
B = the number of days comprised in the period beginning with the 1st day of the tax year and ending on the day immediately preceding the date of business reorganisation; and
C = the total number of days in the tax year in which the business reorganisation has taken place.
D = the number of days comprised in the period beginning with the date of business reorganisation and ending on the last day of the tax year.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.