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Co operative society

Others 225 views 4 replies
i have a question if anyone could throw some light on it,I would appreciate it very much.
1. is a co operative society in India taxable under income tax ?
2. Does a co operative society need to file income tax return?
3. can a co operative society obtain a tax exemption certificate from the state where it is registered?
Replies (4)
1. Yes
2. Yes
3. No such provisions exist
co op society tax exemption u/s 80p
@ ajeet Singh

Under 80P - only interest income on deposits from Co-operative banks is exempt.

80P is for interest between two Co- operatives.
Co op socities hv to file income tax return. It is mandatory.


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