Dear Members,
It have been noticed that Income Tax Demand Notices have been issued to most of the Co-operative Housing Societies due to disallowance of Deduction claim u/s 80P i.e., Interest Income Earned on Fixed Deposit by one Cooperative (Housing Society) from another Cooperative (Banks).
Queries -
1. Judgement/ Cases defending the Coop. Housing Societies in above certain cases/ situation
Suggestions are welcomed. Thanks in advance
CAclubindia
