Taxation of Co.Op Societies

Madhushree (Student) (34 Points)

30 March 2011  

If co.op hsg society earns rental income by letting out space for mobile tower, under which head it is to be taxed?

Whether deduction u/s 80P is available  for such rent income (after ttaking ded  u/s 24 @ 30%)  & interest  on savings a/c?