I want to know the taxability for transfer fees and FD interest of co-op hous soct.
ANS. promptly
Menu
Co-operative society
Replies (1)
FD interest from Cooperative Banks is exempt u/s 80(p). Any other payments received from members for the mutual benefit of members are exempt from income tax based on the concept of mutuality
For more information please visit www.societynmore.com or you can also mail us at info @ societynmore.com.
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
