Co-operative society

Exemptions from section 269SS/269T:

The Following persons are exempted from the purview of section 269SS:

a) Government ;
(b) any banking company, post office savings bank or co-operative bank ;
(c) any corporation established by a Central, State or Provincial Act ;
(d) any Government company as defined in section 617 of the Companies Act, 1956
(e) other notified insititutions
(f) where the depositor and the acceptor are both having agricultural income and neither of them have any taxable income. (269SS)

CO-OPERATIVE SOCIETY NOT EXEMPTED...........

Section 269SS and 269T is applicable to co-operative society.