Interest Income

681 views
User Avatar

Analyst
913 Points Posted on 28 December 2010

Whether interest income derived by a co-operative housing society from its investment in a co-operative bank, TAXABLE?

Reply Share Follow
On 28 December 2010 at 12:30 Report
Replies (5)
User Avatar

glidor@gmail.com
21068 Points Posted on 28 December 2010

 

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
Reply
On 28 December 2010 at 12:37
User Avatar

knowledge seeker
1779 Points Posted on 28 December 2010

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

Reply
On 28 December 2010 at 13:09
User Avatar

WORKING
385 Points Posted on 28 December 2010

agree both

Reply
On 28 December 2010 at 18:17
User Avatar

SIEMPRE AHÍ PARA TI
15607 Points Posted on 29 December 2010

agree with all

Reply
On 29 December 2010 at 09:53
User Avatar

Practise
179 Points Posted on 30 December 2010

agreeing to both...

Reply
On 30 December 2010 at 13:33

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Updating form 10-ee and Schedule FA if there is ch
  2. Sale of property in SLUM area ....SRA
  3. GST applicability on Shipping charges
  4. Outstanding Demand in Income Tax: How To Respond?
  5. LTCG on property sale
  6. Capital gains incidence due to bonus shares
  7. Amendment of Object Clause of Memorandum
  8. How Can I Request a Refund for an Accidental Airte
  9. TDS on salary paid in cash
  10. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU

More recent discussions | Post

Related Topics :

Loading