Deduction allowable to co. op housing society
This query is : Resolved
Pankaj Shah
(Querist)
26 November 2014
If a Co. op society gets interest on FD from an coperative bank then whether deduction u/s 80P allowed or not and if yes whether there is any limit for the same
CA Galib Mirza
(Expert)
26 November 2014
Hi Pankaj
Under section 80P(h), no limit has been specfied for Interest Income received to a co-operative society on the Fixed Deposit in a Co-Operative Bank.
Under section 80P(h), no limit has been specfied for Interest Income received to a co-operative society on the Fixed Deposit in a Co-Operative Bank.
CA Galib Mirza
(Expert)
26 November 2014
Hi Pankaj
Under section 80P(h), no limit has been specfied for Interest Income received to a co-operative society on the Fixed Deposit in a Co-Operative Bank.
Under section 80P(h), no limit has been specfied for Interest Income received to a co-operative society on the Fixed Deposit in a Co-Operative Bank.
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