law: The Regional Rural Banks Act, 1976
  22. Regional Rural Bank to
  
  be deemed to be a co-operative society for purpose of the Income-tax Act, 1961
  For the purpose of the Income-tax Act,
  
  1961(43 of 1961), or any other enactment for the time being in force relating
  
  to any tax on income, profits or gains, a Regional Rural Bank shall be deemed
  
  to be a co-operative society.