Section 48: Exemption of Banks from income-tax and super-tax

Q: What does Section 48 of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 48 RBI Act pertains to "Exemption of Banks from income-tax and super-tax". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 48 of The Reserve Bank of India Act, 1934 (RBI Act) governs exemption of Banks from income-tax and super-tax. As verified on 19 May 2026.

Q: Is Section 48 RBI Act still in force?

Yes, Section 48 of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 48 RBI Act?

धारा 48 RBI Act is the Devanagari Hindi reference for Section 48 of the The Reserve Bank of India Act, 1934. Section 48 of The Reserve Bank of India Act, 1934 (RBI Act) governs exemption of Banks from income-tax and super-tax. As verified on 19 May 2026.

Q: What is Dhara 48 RBI Act?

Dhara 48 RBI Act is the Roman Hindi reference for Section 48 of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 48 of The Reserve Bank of India Act, 1934 (RBI Act) governs exemption of Banks from income-tax and super-tax. As verified on 19 May 2026.

Q: How to cite Section 48 of The Reserve Bank of India Act, 1934?

Cite as: "Section 48, The Reserve Bank of India Act, 1934 (RBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Reserve Bank of India Act, 1934, § 48 (India).

Law on Tips Editorial Board

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Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to income-tax or super-tax, the bank shall not be liable to pay income-tax or super-tax on any of its income, profits or gains.

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