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Co-operative Society

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01 August 2008 Income of co-operative Society is exempt on the basis of Doctrine of Mutuality.

WEhether it should be accounted under 'Income from Business & Profession' or under 'Income from Other Sources'?

If under 'Income from Other Sources', then while filling ITR-5, Balance Sheet & Income & Expenditure A/c to be disclosed where?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
02 August 2008 Income of cooperative society is not unconditionally exempt.
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