Can i claim 80p on interest income
This query is : Resolved
13 May 2022
Sir,
Can a cooperative society take deduction of 100% of profit under 80p.
If society income is generate from interest income, which they have given loan to various people.
Can a cooperative society take deduction of 100% of profit under 80p.
If society income is generate from interest income, which they have given loan to various people.
13 May 2022
80P deduction available only on interst received from members. It's 100% available.
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13 May 2022
100% deduction is available under Section 80P towards the Profit And Gains .
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