National Bank for Agriculture and Rural Development Act, 1981
55. Exemption from
income-tax, etc.-
Notwithstanding
anything contained in the Income-tax Act, 1961 (43 of 1961), or the Companies
(Profits) Surtax Act, 1964 (7 of 1964), or any other enactment for the time
being in force relating to tax on income, profits or gains, the National Bank
shall not be liable to pay income-tax, surtax or any other tax in respect of
any income, profits or gains derived or any amount received by the National
Bank.