80P(2)(d) interest from investment in other chs

This discussion clarifies Section 80P(2)(d) of the Income Tax Act, which allows co-operative societies to claim a 100% deduction on interest and dividends earned from investments in other co-operative societies. To be eligible for this deduction, the housing society must file its tax return by the due date. The content also touches upon how to declare this income and the specific amounts eligible for deduction.