Rationalization of provisions of the Act to promote the growth of co-operative societies

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..... provisions of the Act to promote the growth of co-operative societies Section 115JC of the Act, inter alia, provides for the alternate minimum tax (AMT) payable by co-operative societies, which is .....

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..... amendment is also proposed in clause (b) of section 115JF in relation to the definition of "alternate minimum tax". 2. These amendments will take effect from 1st April, 2023 and will accordingly app .....

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