Tax rate for cooperative society
This query is : Resolved
Guest
Guest
(Querist)
23 April 2012
The maximum amount on which income tax is not chargeable in case of a cooperative society is..???
CA PARAS BAFNA
(Expert)
23 April 2012
The maximum amount is Zero.
.
Co-op Society is liable to tax @ 10% when its income does not exceed 10000.
.
Upto 20000 1000+20% of the amount by which the total income exceeds Rs. 10000.
.
Above rs 20000 3000+30% of the amount by which the total income exceeds Rs. 20000.
.
Co-op Society is liable to tax @ 10% when its income does not exceed 10000.
.
Upto 20000 1000+20% of the amount by which the total income exceeds Rs. 10000.
.
Above rs 20000 3000+30% of the amount by which the total income exceeds Rs. 20000.
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