IS DEDUCTION UNDER SECTION 80P(2)(a)(i) available TU CREDIT COOPERATIVE SOCIETY WHEN THE THE GROSS TOTAL INCOME OF CREDIT COOPERATIVE SOCIETY INCLUDES INTEREST INCOME FROM ANOTHER BANK AND OTHER INTEREST AND FROM ITS MEMBERS?
IS CREDIT COOPERATIVE SOCIETY ELIGIBLE TO TAKE DEDUCTION OF AN EQUAL AMOUNT TO GROSS TOTAL INCOME under above mentioned section?
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DEDUCTION U/S 80P(2)(a)(i) If Interest income from another bank?
Replies (1)
interest income from co-operative banks is exempt under 80P. Not from other banks .
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