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Taxation of a co-op.housing soc.

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(Querist)
09 March 2014 Please let me know whether soc. expenses are deductible against interest on FD with SBI. in computing the Income of a Soc.

Thanks and oblige
Shankarlal Singh
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
09 March 2014 depends on whether you can argue that the society expenses incurred where in order to earn that income from FD. a difficult argument to make..isnt it?

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