banner_ad

Deduction u/s 80p(2)(a)i

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 December 2013 Whether interest income earned on nationalized bank in addition to the normal business profit of a co-op credit society is exempt or not.
1)Interest income from Dena Bank on SB Account is exempt or not.Please reply early
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
16 December 2013 Fixed Deposit Interest from a nationalised Bank is Taxable.
.
The main business of a co-operative credit soiecty is to provide credit facilities to its members. Opening a saving account facilitates the activity of the society so in my view interest on SB A/c with Dena Bank is exempt.
.
Please wait for the experts opinion.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details