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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Co-operative societies engaged in providing credit facilities to ...


Interest Income from Co-op Society Investments Eligible for Tax Deduction u/s 80P(2)(a)(i) of Income Tax Act.

January 19, 2019

Case Laws     Income Tax     AT

Co-operative societies engaged in providing credit facilities to its members had in course of business made investments with treasury, bank etc. and earned interest income, such income was eligible for deduction u/s 80P(2)(a)(i)

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