Income received by society other than Members

If the Cooperative Housing Society  has received the income from other than members it will be taxable or not  please advice to me

Replies (1)

Mr. Gopal Kumar Agrawal

The income of a co-operative society is taxable as per the provisions of income-tax act.  Co-operative society can claim certain deductins u/s 80P of the income-tax act.

Best Wishes

Sathikonda

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