RBI Master Circular-Credit Facilities to Minority Communities
Reserve Bank of India
RBI/2017-2018/6
FIDD.GSSD.BC.No.05/09.10.01/2017-18
July 01, 2017
The Chairman/ Managing Director
All Scheduled Commercial Banks
(Excluding RRBs and Foreign banks with less than 20 branches)
Dear Sir,
Please refer to our Master Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016 (Updated as on September 29, 2016), consolidating the instructions / guidelines / directives issued to banks till that date relating to Credit Facilities to Minority Communities. The Master Circular has been suitably updated by incorporating the instructions issued up to June 30, 2017 and has been placed on the RBI website (https://www.rbi.org.in).
Yours faithfully,
(Ajay Kumar Misra)
Chief General Manager
Encls: As above
Authors Note:
Contents of the Master Circular are as under:
Annexure
No disallowance u/s 43B can be made if expenditure has not been not claimed by the assessee in Profit and…
Whether an assessee developing an infrastructure facility of Government is a contractor and ineligible for claim of deduction under Section…
Jurisdictional Principal Commissioner of Income-tax or Commissioner of Income-tax to condone delay in filing Form No. 10A for Registration u/s…
AO was not justified in making addition by adopting method of extrapolation without bringing any material evidence in support -…
Court can not sit over comparative financial attractiveness of rival offers or to substitute its own view for the decision…
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act…