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Can i claim 80p on interest income

This query is : Resolved 
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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 May 2022 80P deduction available only on interst received from members. It's 100% available.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
13 May 2022 100% deduction is available under Section 80P towards the Profit And Gains .
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