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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Deduction u/s 80P(2)(a)(i) - interest earned from investment ...

Case Laws     Income Tax

August 31, 2018

Deduction u/s 80P(2)(a)(i) - interest earned from investment made in nationalized bank by a cooperative society engaged in providing credit facilities to its members, is not eligible for deduction under section 80P - However, any expenditure incurred by the assessee for earning such income could be allowed to it, if not already allowed.

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