Is Interest earned by a co operative housing society from a co operative bank exempt u/s 80P or is it taxable ?
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Is interest earned by a housing society taxable 80(p)
Replies (1)
Yes Interest earned by a Cooperative Housing Society from investments in Cooperative Banks are exempt from tax on the concept of Mutuality. For more information, please visit www.Societynmore.com or email at info @ societynmore.com
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