Advanced Income Tax Act 2025
Session on GSTR-1 & GSTR-3B (Basic to Advanced with Practical Filing)
Certification Course on Prompt Engineering Mastery for Finance Professionals
3-Day Session on Input Tax Credit (ITC)
Whether interest income derived by a co-operative housing society from its investment in a co-operative bank, TAXABLE?
Interest income/ Dividend income Entire amount of such income Such income is received from investment in any other co-operative society.
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...
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
hitesh chandwani & co
Pune
B.Com
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
Abhishek G Agrawal & Co.
Korba
CA Final
Ashok Amol & Associates
New Delhi
Gupta Sachdeva & Co. Chartered Accountants
N N V Satish&co
Hyderabad
CA
India's largest network for finance professionals
Alternatively, you can log in using: