Taxability of Interest income
This query is : Resolved
28 December 2010
Whether interest income derived by a co-operative housing society from its investment in Fixed Deposits with a co-operative bank, TAXABLE?
Gayathri Devi
(Expert)
28 December 2010
Interest earned from any investment made in Co-operative Banks qualifies for deduction @ 100% under section 80P(d)
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