Whether interest income derived by a co-operative housing society from its investment in a co-operative bank, TAXABLE?
Menu
Interest Income
Replies (5)
Interest income/ Dividend income
Entire amount of such income
Such income is received from investment in any other co-operative society.
Exempted u/s 80P
income by way of dividend and interest from investment in other co-oprative society is fully deductible...
as far as my knowledge is concern there is a notification issued by IT department in this regards...... i have to check
Regards
Madhusudan Kabra
agree both
agree with all
agreeing to both...
Recent Threads
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
Related Threads
CAclubindia
