hi.....
any one plz tell me briefly taxation of Co-op. Societies...slab, interest on securities....etc...
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taxation of Co-op. Societies..
Replies (1)
Dear Imran,
Slab of Cooperative Society
In the case of every co-operative society,—
Rates of income-tax
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(1)
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where the total income does not exceed Rs. 10,000
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10 per cent of the total income;
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(2)
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where the total income exceeds Rs. 10,000 but does not exceed Rs. 20,000
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Rs. 1,000 plus 20 per cent of the amount by which the total income exceeds Rs. 10,000;
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(3)
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where the total income exceeds Rs. 20,000
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Rs. 3,000 plus 30 per cent of the amount by which the total income exceeds Rs. 20,000.
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