Deduction under section 80p

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2015 Sir. Please resolve these queries regarding provisions of Section 80P of income tax Act,1961.
Firstly, Can a Credit Co-operative Society claim deduction under section 80P(2)(a)?
2. Is a Credit Co-operative Society covered under the term Primary Co-operative Society as per the provisions of section 80P of the Income Tax Act, 1961? 3. What is Primary Co-operative Society?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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29 January 2015 http://taxguru.in/income-tax/section-80p-deduction-cooperative-societies-analysis-case-laws.html

refer this link for more details.
1.yes can claim.
2. yes covered.

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2015 Sir,

please explain what is a primary co-operative society.?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 January 2015 ‘primary co-operative’’ which is a co-operative formed by natural persons whose object is to provide employment or services to its members and to facilitate community development;

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