80P(2)(d) interest from investment in other co-operative society
is housing society in come under this section
1. if I suppose to show income, how can I show
2. how much amount eligible for deduction
plz suggest
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80P(2)(d) interest from investment in other chs
Replies (2)
100% of the profits, included in Gross Total Income are deductible in respect of any income by way of interest or dividends derived by the co-operative society from its investments with any other co-operative society u/s 80P(2)(d)
Income from other co-operative society co-operative bank is exempt under 80P(2)(d) provided Return is filed on or before due date.
if return is not filed on or before due date then no benefit under 80P
if return is not filed on or before due date then no benefit under 80P
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