Nidhi vs co credit co operative society

This discussion compares forming a Nidhi company versus a credit co-operative society, weighing the advantages of each. Key benefits of a Nidhi company include easier formation, lower costs, and fewer regulations compared to co-operative societies. However, the conversation also touches upon the significant difference in income tax treatment, with co-operative societies potentially benefiting from exemptions under Section 80P, while Nidhi companies face a higher tax rate.