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Co-operative society dividend
Does dividend from a co-operative society taxable?
Replies (2)
Quick Summary
Yes it's taxable
The dividend from co-operative societies
The income received by the taxpayer from the co-operative society of which he/she is a member is taxable as income from other sources and taxed at normal rates of tax.
The income received by the taxpayer from the co-operative society of which he/she is a member is taxable as income from other sources and taxed at normal rates of tax.
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