I want to know the taxability for transfer fees and FD interest of co-op hous soct.
ANS. promptly
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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.
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