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Articles by K.V. Radhakrishnan

Co-Operative societies are liable to deduct tax from payment of interest

K.V. Radhakrishnan 01 November 2025 at 09:37

The Kerala High Court has upheld the validity of the proviso to Section 194A(3) of the Income Tax Act, 1961, making it mandatory for co-operative societies with turnover above Rs 50 crore to deduct TDS on interest paid to depositors.

Are Co-operative Societies Liable Under GST?

K.V. Radhakrishnan 26 June 2025 at 10:36

Supply of service or goods provide to the members by a co-operative society registered under any co-operative law will not come under the provisions of the GST Act. Why? We shall look into the statutory provisions of the law and the Constitution of India.