Taxability of micro-financing organisation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2015
My client is engaged in micro-financing and is registered under the co-operative societies act. My question is whether my client is eligible for deduction under section 80P of the income tax act?
16 November 2015
Yes provided the micro-financing is given to members.
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